Australia has conducted its first foreign exchange transaction using eAUD as part of a pilot program for the country's potential central bank digital currency (CBDC). The transaction was settled instantly and was deemed a success over traditional FX and remittance networks. The pilot program, launched by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), is exploring possible use cases for a CBDC, including tokenized FX settlements. The transaction was done on a decentralized app on Canvas' "Connect" using Ethereum layer 2 technology.
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Australia Conducts First Foreign Exchange Transaction Using eAUD in CBDC Pilot Program
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