Macropod
AUDM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
AUDM (Macropod) is an Australian dollar-backed stablecoin issued under an Australian Financial Services Licence (AFSL 566313) by Macropod Global. The project demonstrates solid institutional and regulatory foundations, featuring identifiable leadership, partnerships with entities like Betashares and LMAX, and verified reserve attestations from Hall Chadwick confirming 1:1 backing in segregated bank accounts. Active development is evident through multi-chain deployments (Ethereum, Base, Redbelly) and developer SDKs. However, the token remains at a very early stage with notable limitations: extremely concentrated supply (99.87% holder concentration), low secondary market liquidity with a small market cap (~$2M-$3.25M), an unverified public smart contract audit score, and skeletal retail community engagement with only 167 on-chain holders. No qualifying red-flag events, exploits, or regulatory sanctions were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Macropod (AUDM)
AUDM (Macropod Stablecoin) is an Australian dollar-backed stablecoin issued by Macropod Global, a business name of Catena Digital Pty Ltd. Operating under Australian Financial Services Licence (AFSL) 566313 and registered with AUSTRAC, AUDM is designed to maintain parity with the Australian dollar (AUD) through fiat reserves held in segregated trust accounts at Australian banking institutions. First launched in September 2025 on Ethereum, the token has also been deployed on Base and Redbelly. Reserve backing is periodically reviewed through agreed-upon-procedures reports conducted by accounting firm Hall Chadwick.
The stablecoin is targeted toward institutional and enterprise use cases, including domestic AUD settlement, institutional foreign exchange and digital asset trading via LMAX, and involvement in central bank research initiatives such as the Reserve Bank of Australia's Project Acacia. Issuance and redemption operate via an elastic supply model accessible to verified platform clients, with private key management handled through Fireblocks custody infrastructure and integration supported by developer SDKs and APIs.
Several structural and market risks characterize AUDM. The token exhibits extreme holder concentration, with approximately 99.87% of supply held by top addresses and an on-chain user base of fewer than 200 holders. Market capitalization remains low between $2.0 million and $3.25 million with thin liquidity, which has contributed to recorded secondary market price deviations from its intended peg. Furthermore, the token utilizes an upgradeable EIP-1967 proxy contract under centralized administrative control. While Macropod claims contracts were audited by OpenZeppelin, public audit documentation has not been indexed on tracking platforms like DefiLlama, and reserve attestations are agreed-upon-procedures reports rather than independent full financial audits.