AUDX, the institutional-focused AUD stablecoin, has expanded to Morph, giving enterprises a native AUD settlement option.
AUDX, an Australian Dollar-pegged stablecoin, announced its strategic expansion to the Morph network. The move adds Morph to AUDX’s existing distribution, giving businesses, institutions, and digital asset users additional regulated access points to Australian dollar liquidity.
The expansion targets a costly structural bottleneck in cross-border digital asset settlement. While the global stablecoin market cap has surpassed US$315 billion, roughly 78% of transactions remain tied to US Dollar-pegged assets, forcing Australian enterprises into a multi-step FX loop of converting AUD into USD or a USD stablecoin.
By embedding AUDX natively into Morph’s infrastructure, institutions can settle directly in an AUD-denominated environment, removing the USD intermediary step and the double-conversion costs that come with it.
Renna Ba, Head of Ecosystem at Morph, said: “By offering a native, localised fiat option next to dominant global assets, the network enables businesses to seamlessly blend regional AUD operations with global USD flows—allowing them to mix and match the specific stablecoins that best fit their operational and treasury needs.”
Adam Switzer, CEO of BetterX Group, issuer of AUDX, said: “By offering a compliant AUD option, we are contributing to a well-rounded, multi-currency ecosystem where institutions can choose the exact combination of assets that optimises their regional risk and capital efficiency.”
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