AUDT is a stablecoin hosted on the Ethereum blockchain and backed 1:1 with Australian dollars. It can be stored, transferred, and traded on the blockchain. AUDT serves as a fiat gateway for Australian users, allowing them to move money into and out of the blockchain ecosystem from their bank accounts. The token is fully compliant with Austrac, Australia's financial intelligence agency. AUDT was launched by Chrono.tech, an Australian crypto company that aims to revolutionize the recruitment and HR sectors using blockchain technology. Chrono.tech is also responsible for TimeX, a hybrid cryptocurrency exchange, and LaborX, a blockchain-based freelance work exchange.