Australia Is Actively Testing CBDCs And Stablecoins As Part of “Project Acacia”
The post Australia Is Actively Testing CBDCs And Stablecoins As Part of “Project Acacia” appeared on BitcoinEthereumNews.com. Key Insights: Australia’s Project Acacia is entering a testing phase to look into the real-world benefits of digital assets. These assets include CBDCs, stablecoins and tokenized assets and will pilot 24 use cases, including 19 real-money trials. Major Australian banks, including Commonwealth Bank, ANZ, and Westpac, are actively participating in collaboration with partners like JPMorgan. Australia is stepping deeper into the digital finance space according to recent reports. The Reserve Bank of Australia (RBA) has officially announced the next stage of Project Acacia. For context, Project Acacia is an initiative from the Australian Government, aimed at testing the real-world benefits of CBDCs, stablecoins and tokenized assets. This move is a big one for Australia, in terms of its efforts to modernize its financial system and adopt blockchain-based technologies. Here are the details. What Is Project Acacia? This project was launched in November of last year, and is a combined effort between the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC). The main goal of this effort is to investigate how digital forms of money can improve the functionality of Australia’s financial markets. $RBNT has been selected for the Reserve Bank of Australia’s Project Acacia pilot This marks the first time a public blockchain will be used in an official pilot by the RBA The project will demonstrate how tokenized construction invoices can improve cash flow for builders and… pic.twitter.com/xLoFQKKBtc — ＤＲＥＡＤ ＢＯＮＧＯ (@DreadBong0) July 10, 2025 As expected, this includes assets like stablecoins, tokenized bank deposits and wholesale CBDCs. After spending time in an initial research phase, the project is now entering a six-month testing phase. During this time, 24 use cases will be piloted including 19 real-money trials and five simulations. Finally, the results of these tests are expected to be published in the…
The post Australia Is Actively Testing CBDCs And Stablecoins As Part of “Project Acacia” appeared on BitcoinEthereumNews.com.
Key Insights: Australia’s Project Acacia is entering a testing phase to look into the real-world benefits of digital assets. These assets include CBDCs, stablecoins and tokenized assets and will pilot 24 use cases, including 19 real-money trials. Major Australian banks, including Commonwealth Bank, ANZ, and Westpac, are actively participating in collaboration with partners like JPMorgan. Australia is stepping deeper into the digital finance space according to recent reports. The Reserve Bank of Australia (RBA) has officially announced the next stage of Project Acacia. For context, Project Acacia is an initiative from the Australian Government, aimed at testing the real-world benefits of CBDCs, stablecoins and tokenized assets. This move is a big one for Australia, in terms of its efforts to modernize its financial system and adopt blockchain-based technologies. Here are the details. What Is Project Acacia? This project was launched in November of last year, and is a combined effort between the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC). The main goal of this effort is to investigate how digital forms of money can improve the functionality of Australia’s financial markets. $RBNT has been selected for the Reserve Bank of Australia’s Project Acacia pilot This marks the first time a public blockchain will be used in an official pilot by the RBA The project will demonstrate how tokenized construction invoices can improve cash flow for builders and… pic.twitter.com/xLoFQKKBtc — ＤＲＥＡＤ ＢＯＮＧＯ (@DreadBong0) July 10, 2025 As expected, this includes assets like stablecoins, tokenized bank deposits and wholesale CBDCs. After spending time in an initial research phase, the project is now entering a six-month testing phase. During this time, 24 use cases will be piloted including 19 real-money trials and five simulations. Finally, the results of these tests are expected to be published in the…
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