Australia pilots offline CBDC, but challenges hinder real-world deployment
Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.
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Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins
Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
Australia records first FX transaction with CBDCs as trial gathers steam
Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF Capital, broke down the transaction.