Reserve Bank of Australia Launches CBDC Phase Two Testing

Description

The Reserve Bank of Australia (RBA) has announced its plan to launch the second phase of Project Acacia. This project will test the use of stablecoins and central bank digital currencies (CBDCs) in real situations. This is a crucial step in Australia’s digital finance journey, as the country seeks to explore how digital currencies can integrate into the financial system. RBA Project to Test Stablecoins and CBDCs Notably, the RBA is focusing on wholesale finance, where digital currencies could im...