Australia's ANZ Bank becomes the world's first bank to mint its own crypto Stablecoins

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By Matthew Griffin Connected Society 12th April 2022

WHY THIS MATTERS IN BRIEF

Money is changing. Alot. And this is both giving governments new opportunities and freaking them all out.

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Australia and New Zealand Banking Group (ANZ) said on Thursday it carried out an Australian dollar stablecoin payment, in a landmark transaction to become the first Australian lender to mint a digital asset linked to the country’s currency.

ANZ, the country’s number three lender, said it has minted 30 million of A$DC using a smart contract and the coins were transferred between the parties and later redeemed back into Fiat currency.

Matthew Griffin / About Author

Matthew Griffin, described as a "Walking encyclopaedia of the future" by NASA and a futurist polymath, is one of the world's most renowned futurists and strategic foresight experts. A serial entrepreneur Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working across the next 50 years, XPotential University, the world's first free futures and foresight university, and the World Futures Forum which works with the United Nations to solve the worlds greatest challenges. 13 times author of the Codex of the Future series, Matthew is an in demand international keynote, acclaimed university lecturer, and host of the hit Fanatical Futurist podcast.

A rare talent in his past Matthew helped build and run several multi-billion dollar business units for Atos, Dell-EMC, and IBM, and his ability to identify, track, and explain the impacts of hundreds of emerging technologies and trends on global business, culture, and society has earned him a powerful reputation and a roster of clients that include royal households, world leaders, G7, G20, and G77+ governments, and many of the world's most respected brands including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi Group, Coca Cola, Dentons, Deloitte, Disney, EY, KPMG, Lego, Legal & General, LinkedIn, Microsoft, Pepsi Co, Qualcomm, RWE, Samsung, T-Mobile, UBS, VISA, and many others. He was also the only futurist invited to talk at the UN COP28 held in Dubai alongside world leaders.

Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.