The club tablconv new addition – soon to be launched, a token whose value will be tied to the Australian dollar. The basis of the new coins will be based on the blockchain Stellar, writes CoinDesk.

The corresponding statement at the conference Money20/20 in Las Vegas made specialized in payment solutions technology company The Novatti Group. Start Novatti AUD Utility Token is scheduled for November 19.

At the same time, the company said, while about stalking been under the impression as on the tokens used primarily for the rapid movement of funds between bitcoin exchanges, they may have another purpose payments and settlements.

“We think people will use them [stabilini] for the purchase of goods from Australian companies. Also they will be used to pay bills and services within Australia,” said managing Director Novatti Peter cook.

The Novatti Group, among other things, providing processing services for European Vox Telecom and the South African payment system MoniSend, but, says Peter cook, interest in future manifest token of the company, yet are not their customers. This is due to the fact that the use of the token will need to pass the procedure of identification of the user.

“We will work with licensed providers of financial services, the banks and corporations that want to access digital assets. Novatti shares are traded on the Australian stock exchange, and should give users more confidence”, — said the representative of the company.

The news about the upcoming launch of a new stablon came amid heightened competition between multiple “stable coins” whose value is pegged to the U.S. dollar. This includes USDCoin from Circle (USDC), TTrueUSD (TUSD), Paxos Standard Dollar (PAX) and Gemini Dollar (GUSD).

In addition, as noted by the Director of partnerships, the Stellar Development Foundation Lisa Nestor, Stellar already supports at least ten tablconv, including USD Anchor, which was released a startup Stronghold, with the participation of IBM.

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