According to Blockworks, the National Australia Bank (National Australia Bank) said it has completed the first cross-border transaction within the bank using its own stable currency through Ethereum. The deal is part of NAB’s pilot for the Australian dollar-backed stablecoin. National Australia Bank intends to issue a stablecoin under the symbol "AUDN", which will be managed as a liability on its books. The company plans to further support trading in AUD, NZD, SGD and USD, as well as EUR, JPY and GBP. Digital asset infrastructure provider Fireblocks and fintech platform Blockfold will assist with smart contract matters, direct token custody, and minting and burning.