I came across one, $AUDD , I'm just wondering if anyone knows of any more and if anyone uses them for holding funds. Also if anyone has any opinions on them, I guess using a smaller, lesser known stablecoin could be more risky (of collapse etc.)?
For one reason or another that I don't need to go into (but actually not to do with tax), when I cash out next year, I'm going to need to hold for a while on my cold wallet, instead of cashing out to the bank. But I'd feel better having an amount measured in AUD (since that's what I started off with), than hold in USDC, for example and then potentially see it drop in value in AUD terms. I understand that AUD can also drop in value against the USD or in purchasing power terms, but I guess that won't 'feel' as bad.
Just wondering if any other Aussies have been in this situation and used a stable AUD token?