The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
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The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
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This marks the second “Big 4” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
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The pilot “eAUD” program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.
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A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.
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