Moneta Holdings and Stabila Blockchain Launches to Enable Banks to Mint Argentine Peso ARSM and Australian Dollar AUDM Stablecoins
SYDNEY, AUSTRALIA, February 12, 2022 /EINPresswire.com/ -- The Moneta Holdings and Stabila™ (the Consortium), launched today with a mission to build a network of banks to further the adoption and interoperability of bank-minted stablecoins, which will facilitate the compliant transfer of value on the blockchain, removing friction in the financial system and unlocking the financial opportunities that blockchain and digital transactions can provide to a greater network of users.
Argentine Peso ARSM and Australian Dollar AUDM will be minted exclusively by Moneta Holdings and will be redeemable on a 1:1 basis. ARSM and AUDM address the consumer protection and regulatory concerns of non-bank-issued stablecoins and offer a more secure option for transacting on the blockchain.
ARSM and AUDM operate on the public Stabila Blockchain. The availability of ARSM and AUDM on a public blockchain means that, in addition to peer-to-peer and business-to-business money transfers, banks and their customers will be able to use ARSM and AUDM for a wide range of applications, including capital call financing as well as invoice and supply chain finance.
"ARSM and AUDM open up endless possibilities for the expanding world of DeFi transactions," said Moneta Holdings CEO Daniel Varzari. "The ease and immediacy of





