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Australia Is Actively Testing CBDCs And Stablecoins As Part of “Project Acacia”

  • Australia's Project Acacia is testing the benefits of digital assets like CBDCs, stablecoins, and tokenized assets through 24 use cases, including real-money trials.
  • Major Australian banks like Commonwealth Bank, ANZ, and Westpac are actively participating in Project Acacia, collaborating with partners such as JPMorgan.
  • Australia is delving deeper into the digital finance space with the Reserve Bank of Australia officially entering the new phase of Project Acacia.
  • The results of the six-month testing phase are expected to be published in the first quarter of 2026, with implications for the future of CBDCs and tokenized asset markets globally.

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