--- title: ASXM – AUD Pegged Stablecoin description: "## ![](https://education.hootdex.com/wp-content/uploads/2026/05/ASXM_2026_2_500-150x150.png) #### **AUD Pegged Stablecoin - Symbol : ASXM** ###### The ASXM token is a stablecoin that is pegged to the pricing of the Australian Dollar in US Dollars. It is designed to maintain a stable value, giving holders…" url: "https://education.hootdex.com/docs/asxm-token/" updated: "2026-09-13" category: All Listings --- # ASXM – AUD Pegged Stablecoin ## ![](https://education.hootdex.com/wp-content/uploads/2026/05/ASXM_2026_2_500-150x150.png) #### **AUD Pegged Stablecoin - Symbol : ASXM** ###### The ASXM token is a stablecoin that is pegged to the pricing of the Australian Dollar in US Dollars. It is designed to maintain a stable value, giving holders a simple and efficient way to offset volatility and protect value. The token is collateralized by a multi‑asset digital asset treasury and engineered for institutional trading, providing exposure to a Australian Dollar in US Dollars benchmark through a single, efficient, utility‑driven and portable digital asset instrument. ###### XMG Fintech is the primary issuer; however, authorized financial institutions may mint their own issuer‑keyed versions of the token for direct use within their ecosystems. These institution‑specific tokens can be placed into a Digital Asset Treasury as reserves to issue a DCN, create a Venture Token, collateralize transactions, or support controlled cash‑in and cash‑out operations for their customers or approved partners. ###### Each issuer‑direct token is key‑marked with the institution’s identity and the specific parameters they define, such as cash‑in/cash‑out rules, approved counterparties and internal utilization policies, ensuring full transparency. Despite these issuer‑level customizations, the tokens remain fully fungible with the standard token. ###### All XMG Fintech issued tokens are ERC‑20 compliant, allowing them to be held, transferred and utilized across any ERC‑20 compatible wallet, platform or system that supports the standard. 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