Odaily Planet Daily News: The National Australia Bank (NAB) recently announced that it would stop developing the Ethereum-based stablecoin AUDN. The development team behind the project is now participating in the stablecoin Ubiquity project. This Australian dollar stablecoin project is supported by Animoca Brands, Concave and Merit Circle. Another Australian bank, ANZ, is also involved in the initiative and has been developing a stablecoin called A$DC. Before deciding to stop this stablecoin project, NAB hoped that it would facilitate real-time blockchain transactions using local currencies. The bank expects it to be used for cross-border payments, carbon credit transactions and repurchase agreements. (Bitcoin.com)