
Australia Expands Digital Currency Trials with Project Acacia as CBDC Race Heats Up
Australia’s Central Bank is taking the next step in its digital currency journey. On Thursday, the Reserve Bank of Australia (RBA) announced a new trial to explore how digital money could improve Australia’s wholesale tokenised asset markets. Project Acacia is a joint effort between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). It is also backed by ASIC, APRA, and the Australian Treasury. Project Acacia Enters Next Phase As part of the project, the RBA will test stablecoins, digital bank deposits, and a trial version of CBDCs. The project started last November with the…








