Australia's central bank has launched a new phase of testing with central bank digital currencies (CBDCs) and stablecoins, with the aim of exploring their potential in wholesale financial markets, Reuters reported on Thursday.
The Reserve Bank of Australia (RBA) announced on Thursday that the trial, part of Project Acacia, a collaboration with the Digital Finance Cooperative Research Centre, will include bank deposit tokens, stablecoins, and a pilot wholesale CBDC.
The tests will cover asset classes such as fixed income, private markets, trade receivables, carbon credits, while also examining new uses for RBA bank accounts.
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The six-month phase includes 24 use cases, 19 of which use real money and five are simulated proof-of-concept tests. Results are expected to be available in early 2026.