Australia Expands Digital Currency Trials with Project Acacia as CBDC Race Heats Up
2025-07-10 08:10:34

Main Idea
The Reserve Bank of Australia (RBA) is advancing its digital currency exploration through Project Acacia, a collaborative initiative testing stablecoins, digital bank deposits, and a wholesale CBDC across multiple blockchain platforms.
Key Points
1. Project Acacia is a joint effort between the RBA, Digital Finance Cooperative Research Centre (DFCRC), and supported by ASIC, APRA, and the Australian Treasury.
2. The project will test 24 use cases, including real-money transactions and proof-of-concept trials, involving fintech startups and major banks like CBA, ANZ, and Westpac.
3. Use cases cover various asset types such as bonds, private markets, trade receivables, and carbon credits, utilizing platforms like Hedera, R3 Corda, and EVM-compatible networks.
4. ASIC is offering regulatory relief to facilitate participation, similar to previous RBA digital money initiatives.
5. A final report is expected in Q1 2026, which will inform the RBA's approach to digital finance in Australia's financial system.
Description
The post Australia Expands Digital Currency Trials with Project Acacia as CBDC Race Heats Up appeared first on Coinpedia Fintech News Australia’s Central Bank is taking the next step in its digital currency journey. On Thursday, the Reserve Bank of Australia (RBA ) announced a new trial to explore how digital money could improve Australia’s wholesale tokenised asset markets. Project Acacia is a joint effort between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research ...
Latest News
- Bitcoin Price Sets New ATH of Above $113.7k on July 10: Is Crypto Parabolic Rally Next?2025-07-10 19:30:28
- Dogecoin Enters a Critical Zone: Can Bulls Push DOGE Price to $0.22?2025-07-10 19:29:48
- Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?2025-07-10 17:38:35
- Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?2025-07-10 17:38:28
- Smart Investors Favor Ruvi AI (RUVI) Over Avalanche (AVAX); Audited, Utility-Driven, and Still Cheap Makes It the Best Bet2025-07-10 17:37:20