Hedera Network Supercharges Asia-Pacific Payments with Australian Digital Dollar Stablecoin Integration

Hedera just flipped the script on cross-border payments in Asia-Pacific—and traditional banks are sweating.

The DLT powerhouse now supports Australia's Digital Dollar (AUDD) stablecoin, slashing settlement times from days to seconds. No more waiting for SWIFT to lumber through its archaic dance.

Why it matters: This isn't just about speed. Hedera's hashgraph architecture bypasses legacy finance's fee-gouging playbook—while actually complying with regulators (take notes, crypto cowboys).

The cynical kicker: Watch how fast banks 'discover' blockchain efficiencies now that real money's on the line. Where was this enthusiasm when they were charging $30 for international transfers?

AUDD launched on the Hedera network 

The Hedera Foundation announced the launch of AUDD, a stablecoin pegged to the Australian Dollar, on Thursday. Hedera aims to boost the digital economy in the Asia-Pacific region and beyond by offering a payment solution that overcomes cross-border limitations alongside micropayments, making it more feasible for mainstream adoption.

Hedera’s stablecoin studio offers a high-performance, institutional-grade blockchain network with fast transactions under seconds, nominal fees of $0.001 per transaction, and a carbon-negative footprint.

Earlier this month, the AUDD was launched on the XRP Ledger in partnership with Ripple. 

HBAR Price Forecast: Doji candle signals reversal possibility

HBAR edges slightly lower under 0.50% on Thursday, hinting at the ninth consecutive bearish candle. A Doji candle formed on the previous day could signal a local bottom formation, as it typically indicates a trend reversal after a convincing uptrend or downtrend. 

As HBAR nears the $0.1400 support level, the lowest year-to-date (YTD) closing price, a potential reversal could target the 50-day Exponential Moving Average (EMA) at $0.1741. 

A closing above the 50-day EMA could signal the end of the downtrend as seen in the peaks of January 17, May 10, May 22, and June 10. 

The momentum indicator flashed mixed signals despite HBAR approaching a crucial support. The Moving Average Convergence/Divergence (MACD) indicator declines further with its signal line. A wave of negative histogram bars below the zero line indicates a boost in bearish momentum. 

The Relative Strength Index (RSI) at 30 indicates increasing bearish momentum, as it hovers NEAR the oversold boundary. Amid these conditions, the chances of a bullish reversal significantly increase.

HBAR/USDT daily price chart.

A pullback below $0.1400 could extend the correction towards $0.1248, the YTD lowest price.