Australia Expands CBDC, Stablecoin Trial in Finance Test

Australia Expands CBDC, Stablecoin Trial in Finance Test

The Reserve Bank of Australia (RBA) has initiated the second phase of its digital currency program under Project Acacia, signaling a significant evolution in the country's blockchain and tokenization agenda. Unveiled on Thursday, the trial explores the application of stablecoins, bank deposit tokens, and a wholesale central bank digital currency (CBDC) across wholesale financial markets. In collaboration with the Digital Finance Cooperat...

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