Morph, a high-performance settlement layer for stablecoins, has announced its strategic partnership with AUDX, a fully backed Australian Dollar stablecoin for institutional finance. The purpose of this partnership is to enable direct cross-border AUD payments while minimizing FX costs and reliance on USD. This collaboration also expands Morph’s multi-currency stablecoin ecosystem by adding AUDX alongside USDC and USDT.
This collaboration builds on AUDX’s growing ecosystem, with the stablecoin already available on Independent Reserve and Swyftx, providing businesses, institutions, and digital asset users with various regulated access points to Australian dollar liquidity. Users and businesses can send and settle payments directly in Australian dollars on the Morph network without first converting to U.S. dollars.
Morph and AUDX Reduce FX Costs Through Native AUD Blockchain Payments
The global stablecoin market cap has hyped past $315 billion, and almost 78% of all transactions remain bound to US Dollar-pegged assets. Businesses looking to use digital asset rails for international transactions face a retaliatory multi-step loop, such as converting local AUD corporate capital into traditional USD or a USD stablecoin and incurring an initial foreign exchange (FX) spread and transaction fee.
Furthermore, institutions can now easily settle directly in an AUD-denominated environment, completely replacing the USD intermediary step and safeguarding corporate margins. This expansion is not just an ordinary or simple expansion; rather, it indicates a mature move in corporate Web3 adoption, shifting from single-currency dependence toward a collective, multi-currency paradigm.
Empowering Institutions with Localized Stablecoin Payment Rails
The integration of Morph and AUDX is a strategic step in providing more flexible treasury and payment operations. Renna Ba, Morph’s Head of Ecosystem, says, “This integration directly advances Morph’s ultimate ecosystem vision: to host a diverse spectrum of major global stablecoins. “
“By offering a native, localized fiat option next to dominant global assets, the network enables businesses to seamlessly blend regional AUD operations with global USD flows—allowing them to mix and match the specific stablecoins that best fit their operational and treasury needs.”
On the other hand, Adam Switzer, CEO of BetterX Group, issuer of AUDX, said, “USDC and USDT are foundational pillars of the digital asset economy, but businesses also need local currency rails to match their regional expenses and balance sheets. Deploying on Morph is about expanding that optionality.”
“By offering a compliant AUD option, we are contributing to a well-rounded, multi-currency ecosystem where institutions can choose the exact combination of assets that optimizes their regional risk and capital efficiency.”
