ChainCatcher message, Binance Australia tweeted that it will no longer support Australian Binance users using bank transfers for AUD deposits and withdrawals. As of June 1, Binance has stopped all AUD trading pairs.To facilitate withdrawals and trading activities after June 1, users can convert their AUD balance to USDT. Users can still buy and sell cryptocurrencies using credit or debit cards, and the P2P market of Binance Australia will continue to operate as usual.Additionally, Binance Australia is seeking alternative providers to continue offering AUD deposit and withdrawal services to users. User funds are secured through the Secure Asset Fund for Users (SAFU), which provides protection for Binance users and their funds in extreme cases. (Source link)

ChainCatcher news, Binance Australia stated: "We have confirmed with our local payment partners that users can continue to withdraw Australian dollars, and more information will be updated later."News this morning, Binance Australia's subsidiary has suspended AUD fiat deposit and withdrawal services. (Source link)

ChainCatcher news, the Reserve Bank of Australia has revealed a series of projects that will develop use cases for the digital Australian dollar eAUD during the ongoing testing phase, covering a variety of use cases from offline payments, bond settlements to securities trading.Participants include small fintech companies to large financial institutions, such as Australia and New Zealand Banking Group Limited (ANZ), Mastercard, Monoova, Australian Bond Exchange, DigiCash, Commonwealth Bank, and others. Among the companies included in the announcement is the Ethereum Layer 2 scaling solution Canvas Digital, which is being built in collaboration with StarkWare. By using Circle's USDC stablecoin and eAUD, Canvas has been invited to pilot foreign exchange transaction settlements.Another project will focus on using the USDC stablecoin pegged to the US dollar to simplify foreign exchange trading and remittances, testing whether international remittances can achieve round-the-clock trading while reducing counterparty risk. (Decrypt)

ChainCatcher news, according to sources cited by the Australian Financial Review, the National Australia Bank has created a stablecoin AUDN, which is backed one-to-one by the Australian fiat currency it holds. It will be available to retail and institutional investors on the Ethereum and Algorand blockchains, and will allow commercial clients to settle transactions in Australian dollars. The bank aims to launch trading by mid-year, including carbon credit trading and remittances. (Source link)