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As part of the RBA’s program exploring a potential Australian central bank digital currency, ANZ has successfully completed a tokenised carbon credit trade using a stablecoin backed by a pilot CBDC, with more use cases set to be tested soon.
The RBA is keeping an open mind about a potential central bank digital currency in Australia, including running a pilot eAUD program next year. But many of the arguments in favour of a CBDC fall flat in the Australian context, says Assistant Governor Brad Jones.