Australia's central bank says stablecoins, bank deposit tokens can coexist in $17 billion tokenization drive
Australia's central bank says stablecoins, bank deposit tokens can coexist in $17 billion tokenization drive
The Reserve Bank of Australia said the tokenization of assets and money could deliver AU$24 billion ($16.7 billion) in annual efficiency gains to the Australian economy.Assistant Governor Brad Jones noted that stablecoins and bank deposit tokens could play complementary roles as the RBA pivots to a “how” framework for implementation with a new digital sandbox and expanded deposit token working group.