RBA Explores Stablecoins and CBDC Use Cases in Australia

10 July, 2025, 12:30 PM

The Reserve Bank of Australia (RBA) is diving deeper into the world of digital assets, launching 'Project Acacia' to investigate the potential impact of cryptocurrencies and Central Bank Digital Currencies (CBDC) on Australia's tokenized asset market. This initiative, a collaboration with the Digital Finance Cooperative Research Centre, will analyze 24 specific use cases involving stablecoins, deposit tokens, and CBDCs. The RBA aims to understand how these digital assets could be integrated into the existing financial system and what benefits they might offer. Project Acacia will involve partnerships with various banks and fintech companies, leveraging their expertise to explore real-world applications. The research will focus on areas such as cross-border payments, supply chain finance, and improved efficiency in financial transactions. Ultimately, the RBA hopes to gain valuable insights into the future of digital currencies and their role in shaping the Australian economy. ```