Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxMHC Digital Group, an institutional digital assets platform, has announced a joint venture with Catena Digital to establish Macropod, an Australian dollar-backed stablecoin platform. The venture combines MHC Digital Group, led by Mark Carnegie, with Catena Digital, founded by former National Australia Bank executives and headed by Chief Executive Drew Bradford. “This is the missing piece of digital infrastructure in Australia,”said Mark Carnegie, Founder and Executive Chairman of MHC Digital Group. Despite this, Australia has not yet developed a licensed, Australian dollar-denominated stablecoin, which Macropod intends to address. The venture will also operate under regulatory oversight, including an Australian Financial Services Licence and Digital Currency Exchange registration with Austrac.