ANZ today announced it has successfully executed the first ever Australian-bank issued Australian dollar stablecoin (A$DC) payment through a public permissionless blockchain transaction. ANZ delivered the stablecoin for Victor Smorgon Group via Zerocap, a private wealth management firm for digital assets.
The transfer amount was 30 million AUD represented as 30 million A$DC, from ANZ to Zerocap:
In what is being described as a landmark transaction, Zerocap has worked with ANZ Bank and digital asset custody provider Fireblocks to mint A$DC, a new stablecoin pegged to the Australian dollar, for Victor Smorgon Group, a client of both ANZ and Zerocap. The initial transaction saw $30 million A$DC transferred from ANZ direct to Zerocap in seconds.
Zerocap is a financial company with presence in the UK and Australia:
Quote from: https://zerocap.com/about-us/
Zerocap is a market-leading private wealth management firm for digital assets. Zerocap brings a deep understanding of digital asset technology, trading, portfolio optimisation, custody and insurance, having processed over a billion dollars of digital assets for investors, institutions and family offices.
It's not clear to me yet what kind of network they're using for A$DC.