National Australia Bank (NAB) has stopped working on its stablecoin AUDN. The team that worked on NAB's Ethereum-based stablecoin is now working on Ubiquity, a new stablecoin backed by Animoca Brands, Merit Circle, and Concave. NAB had planned to launch a stablecoin on the Ethereum and Algorand blockchains. However, no statement was made from the bank on the subject. 😕#cryptocurrency#blockchain