Australia’s central bank is cautiously advancing its digital currency experiments, entering a new phase of testing for wholesale CBDCs and stablecoins.
The Reserve Bank of Australia (RBA) confirmed Thursday that Project Acacia will now trial tokenized deposits, stablecoins, and a CBDC pilot with select financial institutions. The focus will be on asset classes like fixed income and carbon markets.
Though 24 use cases are planned—including real-money transactions—the RBA emphasized this is still exploratory, with results not expected until 2026.
