Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency

Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency

Almost 90% of West Coast Aquaculture's $3.6 million capital raise was via the stablecoin tether.


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An Aussie company operating an aquaculture farm in Malaysia is conducting the first initial public offering to accept crypto assets in Australia. Australia’s crypto-friendly capital raising platform Stax has announced its client West Coast Aquaculture Group (WCA) will be conducting the country’s first initial public offering that accepts virtual currency as payment.Investors participating in WCA’s offering can purchase equity in the company using Tether (USDT) or Australian dollars. USDT was chosen over Bitcoin (BTC) and Ethereum (ETH) due to its price stability.Speaking to Cointelegraph,....

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