ANZ’s crypto stablecoin, minted for a billionaire and rich investors, is a reminder that de-banking remains a threat to smaller fintechs

- March 29, 2022 3 MIN READ

ANZ bank has minted its own stablecoin, A$DC, becoming the first Australian bank to create its own cryptocurrency with a value pegged to the Australian dollar. The ANZ stablecoin was created for the billionaire Smorgon family’s investment firm Victor Smorgon Group, which was issued with the 30 million A$DC in February. Unlike other popular stablecoins, A$DC… Read more »

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Startup Daily TV

Startup Daily TV: The threat to startups from ‘debanking’ – fintech’s cancel culture

- September 9, 2021 2 MIN READ

Debanking is a growing concern for fintech and cryptocurrency startups. If you’re not sure what the term means, it’s the fintech sector’s version of cancel culture.  It’s when a large financial institution withdraws banking services to a business for any number of reasons – perhaps commercial, or regulatory, such as compliance with counter terrorism financing… Read more »