JellyC Providing AUD Market Infrastructure to Global Digital Asset Markets
Edited by Michael Prendiville & Sandra Fajardo
AUDM, the Australian dollar-denominated stablecoin issued by Macropod, went live on OKX at 5:00pm AEST on Wednesday, 22 April 2026. The launch introduced a new AUD-denominated liquidity layer to global digital asset markets.
Expanding AUD market access
With AUDM now available on OKX, users can deposit and trade directly in AUD-denominated rails rather than relying solely on USD stablecoin pairs.
Historically, institutional access to the digital asset markets has largely been routed through USD stablecoin pairs, particularly via the USDT/AUD cross. While functional, this structure promotes continual USD stablecoin holdings at the expense of the local AUD currency. The introduction of AUDM on OKX represents a meaningful expansion of AUD market infrastructure and signals increased focus on Australia as a growing digital asset market.
FX-linked liquidity and market depth
Liquidity for AUDM markets is supported by TAF Capital, with pricing informed by the depth and efficiency of global foreign exchange markets. AUDM/USDT pricing moves in line with broader FX market conditions.
This approach is intended to support:
· pricing efficiency
· spread and slippage outcomes that depend on prevailing market conditions
· capacity to support institutional-scale trading
· broader functionality across conversion and settlement use cases.
Combined with OKX's global exchange infrastructure, depending on prevailing market conditions, this may increase the depth of the AUD order book relative to what has historically been available in the market. OKX will also offer margin fee incentives on AUDM pairs to support liquidity formation and trading activity from launch.
AUDM availability
AUDM is already available across a number of centralised and decentralised venues, including Independent Reserve, SwyftX, BTC Markets and Uniswap. The addition of OKX introduces a global trading venue with broader distribution and potentially deeper liquidity access.
Building the next layer of market infrastructure
The launch of AUDM reflects a broader shift in digital asset markets, where the focus is moving towards liquidity, execution quality, and market structure. As participation increases, the ability to trade efficiently in local digital asset markets is becoming increasingly important. By combining instantaneous settlement with FX-linked liquidity provisions, AUDM represents an early step toward a more functional, localised market environment, where pricing and execution are less dependent on USD intermediaries.
For more information on AUDM trading on OKX, visit the Macropod announcement. To view the live AUDM/USDT market, visit https://app.okx.com/en-au/trade-spot/audm-usdt.
Important Information
Pricing for AUDM markets is informed by global foreign exchange markets and reflects prevailing AUD/USD conditions. TAF Capital seeks to provide ongoing pricing, subject to market conditions, volatility, and internal risk limits, and applies risk management frameworks to support orderly execution where market conditions permit across venues.
Pricing and market-risk decisions are undertaken by TAF Capital as the market participant, with execution support provided by Bluering Trading to enable consistent and orderly execution across venues.
Disclaimer
This article ("Article") has been prepared for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any financial product or service. This Article does not form part of any offer document issued by JellyC Pty Ltd (CAR Number 001293184), a corporate authorised representative of TAF Capital Pty Ltd (ACN 159 557 598, AFSL 425925). Past performance is not necessarily indicative of future results, and no person guarantees the performance of any financial product or service mentioned in this Article, nor the amount or timing of any return from it.
This material has been prepared for wholesale clients, as defined under Sections 761G and 761GA of the Corporations Act 2001 (Cth), and must not be construed as financial advice. Neither this Article nor any offer document issued by JellyC Pty Ltd or TAF Capital Pty Ltd takes into account your investment objectives, financial situation, or specific needs.
The information contained in this Article may not be reproduced, distributed, or disclosed, in whole or in part, without prior written consent from JellyC Pty Ltd. This Article has been prepared by JellyC Pty Ltd, which, along with its related parties, employees, and directors, makes no representation or warranty as to the accuracy or reliability of the information provided and accepts no liability for any reliance placed on it. Prospective investors should obtain and review the relevant offer documents before making any investment decision.
