Australia's Central Bank (RBAInfo) is launching a number of CBDC pilot projects looking at various use cases, ranging from using USDC to streamline FX trades to securities trading. iamsandali nikhileshde report
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway.
The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others,In a statement, RBA Assistant Governor Brad Jones said the participants in the pilot projects include a wide array of industry representatives, from “smaller fintechs to large financial institutions.”
“The pilot and broader research study that will be conducted in parallel will serve two ends – it will contribute to hands-on learning by industry, and it will add to policy makers’ understanding of how a CBDC could potentially benefit the Australian financial system and economy,” he said.
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