Deployments · platform by ANZ

ANZ A$DC Australian dollar stablecoinNew

A$DC is an Australian dollar stablecoin issued by ANZ, the first issued by an Australian bank on a public permissionless blockchain. In March 2022 ANZ minted A$30 million of A$DC with its own EVM-compatible smart contract deployed through Fireblocks, delivered it to Victor Smorgon Group via digital asset firm Zerocap, and later redeemed it into fiat. In June 2022 Victor Smorgon Group used A$DC to buy tokenised Australian carbon credits (BetaCarbon's BCAU) from Zerocap; ANZ said A$DC is fully collateralised and redeemable at par from an ANZ-managed reserve account. In June 2025 ANZ said it would test A$DC in cross-border trials alongside tokenised deposits and Hong Kong's e-HKD. No circulating supply or later production use has been published.

Pilot since 24 Mar 2022^[1]i — Customer transactions in 2022 and testing in 2025; no evidence of open issuance or a current supply. · Reviewed 13d ago i

Assets

Stablecoin^[1]

Australian dollar stablecoin issued by a bank

Networks

Ethereum Public, permissionless^[4]

Trade press quoting Zerocap: the March 2022 A$30m transfer to Zerocap ran on the Ethereum blockchain. ANZ itself says only a public permissionless blockchain and an EVM-compatible contract. ANZ also minted test tokens on a Hedera testnet (not recorded).

Use cases i

Primary issuance^[1]Payments^[1][2]Cross-border payments^[3]

Jurisdictions

Australia

Participants

• ANZPlatform provider, Issuer, Operator^[1][2]Australia
• FireblocksTechnology provider^[1]United States
• ZerocapDistributor, Counterparty^[1][2]Australia
• Victor Smorgon GroupClient or user^[1][2]Australia
• BetaCarbonCounterparty^[2]Australia

Likely relevant regulation i

• Australian financial services law for digital assets (Corporations Act, ASIC INFO 225 and the Digital Assets Framework Act)Australia
• Australian payment service provider licensing reform (stored value facilities and tokenised stored value facilities)Australia

Assets

• IssuesANZ Australian dollar stablecoin (A$DC) (A$DC)^[1]

Metrics i

• A$30mA$DC minted for first customer transaction · as of 24 Mar 2022^[1]
  Later redeemed into fiat; not a current balance.

Timeline

1. Happened 26 Jun 2025 · Announcement · recorded 18 Oct 2026
   ANZ says it will test A$DC in cross-border transaction trials alongside tokenised deposits and Hong Kong's e-HKD.^[3]
2. Happened 27 Jun 2022 · Scope expansion · recorded 18 Oct 2026
   Victor Smorgon Group uses A$DC to buy tokenised Australian carbon credits (BCAU) from Zerocap.^[2]
3. Happened 24 Mar 2022 · First transaction · recorded 18 Oct 2026
   ANZ mints A$30 million of A$DC and delivers it to Victor Smorgon Group via Zerocap on a public blockchain; the coins are later redeemed into fiat.^[1]

Sources i