The Reserve Bank of Australia has launched the second phase of its currency, initiating a digitalization test project a specialized in financial markets. focuses This test focuses on verifying practical use cases utilizing stablecoins, bank deposit tokens, and central bank digital currency (CBDC).>
The test involves various domestic and international institutions from fintech startups to large banks, banks with total 24 use cases being these, 19 cases are based on actual transactions, transactions, while remaining 5 will be implemented through simulations in the concept proof stage stage. participating companies on will on-and technologies can how actually utilized financial markets.
is attracting industry attention as it goes beyond a simple CBDC technical experiment, widely verifying the interoperability and role stablecoins and bank-based digital tokens.BA that establish policy-based evidence for next-generation financial infrastructure through this project.The Australian government and central bank have continuously considered physical-based digital asset infrastructure, keeping in mind macroeconomic challenges such as global has rate increases and inflation. test results are expected to become key input values for determining future currency introduction and development direction>direction.
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