AUDY — Australian Dollar Stablecoin

Version 1.0 — March 2026
Issuer: Blueberry Money Pty Ltd (ACN 691391214 | ABN 34691391214)

Overview

AUDY is a digital Australian Dollar stablecoin deployed on Ethereum mainnet and Base L2 (Coinbase). Each AUDY token is pegged 1:1 to the Australian Dollar, backed by AUD reserves held in segregated accounts.

AUDY is an ERC-20 token with on-chain KYC enforcement — only wallets that have completed identity verification can hold or receive AUDY. This is enforced at the smart contract level via the WhitelistRegistry, not by off-chain policies.

Key Properties

Smart Contracts

All contracts are verified and source code is publicly readable.

Ethereum Mainnet

Base L2 (Coinbase)

How It Works

Minting

1. Customer completes KYC identity verification
2. Customer's wallet address is added to the on-chain WhitelistRegistry
3. Customer transfers AUD to the designated reserve account
4. Operator verifies the deposit and mints AUDY to the customer's wallet
5. AUDY appears in the customer's wallet at a 1:1 ratio

Redemption

1. Customer requests redemption through the platform
2. AUDY tokens are burned from the customer's wallet
3. Equivalent AUD is transferred to the customer's bank account

Transfer Restrictions

Every AUDY transfer is checked against the WhitelistRegistry smart contract. If the recipient wallet is not KYC-verified, the transfer is rejected on-chain — the transaction reverts and no tokens move. This cannot be bypassed.

Architecture

Customer (KYC verified)
        |
        v
WhitelistRegistry (on-chain KYC check)
        |
        v
AUDY Token (ERC-20, decimals=2)
        |
    +---+---+
    v       v
Ethereum   Base L2
mainnet    (Coinbase)

Non-Custodial

The platform does not hold customer private keys. Customers manage their own wallets (hardware wallets recommended). The platform can mint and burn tokens but cannot move tokens from customer wallets without their signature.

Compliance by Design

• WhitelistRegistry: On-chain KYC enforcement — non-verified wallets cannot receive AUDY
• Minter Role: Only the platform operator can mint new AUDY (backed by AUD deposits)
• Pausable: Emergency stop capability for the contract owner
• Auditable: All minting, burning, and transfers are recorded on the public blockchain

Reserve Management

AUDY is designed to be fully backed 1:1 by Australian Dollars held in segregated accounts. The total AUDY supply and reserve balance will be reported transparently.

Regulatory Framework

Blueberry Money Pty Ltd is registered with AUSTRAC as a Digital Currency Exchange (DCE) provider under .

The platform maintains:

• AML/CTF program compliant with Australian regulations
• KYC procedures for all users via identity verification providers
• Transaction monitoring for suspicious activity
• 7-year record retention as required by law

AUDY's regulatory classification under ASIC frameworks is being confirmed through proactive engagement with the regulator.

Companion Product: AUSG

AUSG is a tokenised Australian Government Bond product deployed alongside AUDY. AUSG tokens represent ownership of a pool of Australian Treasury Notes, earning approximately 4% annual yield.

AUDY and AUSG are designed to work together:

• Hold AUDY for payments and settlement (earns nothing)
• Swap to AUSG for yield (earns ~4% from government bonds)
• Swap back to AUDY when liquidity is needed

AUSG contracts are also deployed on Ethereum mainnet and Base L2 with verified source code. See the AUSG Whitepaper for full details.

Links