VeChain (VET) is a cryptocurrency and blockchain platform created by the Singapore-based VeChain Foundation in 2015. It focuses on optimizing supply chain management, particularly in the logistics industry, by leveraging blockchain technology to solve real-world economic challenges. VET has gained popularity for its comprehensive utilization of blockchain in addressing these issues.
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The Australian Dollar (AUD) is the official currency of Australia, issued by the Reserve Bank of Australia (RBA). AUD is often influenced by commodity exports like gold and iron ore. Australia has a strong blockchain industry, and AUD-backed stablecoins provide a way to transact in crypto while maintaining value stability.