Australian central bank has expressed the possibility of exploring CBDCs as the “future of money” and 'form of money”
Brad Jones, assistant governor at the Reserve Bank of Australia, made these remarks in a recent speech.
Jones added that stablecoins, issued by regulated financial institutions and backed by high-quality assets, are a viable option to settle tokenized transactions. However, stablecoins issued by private parties carry additional risks due to lack of regulatory guidelines. The CBDC pilot highlighted the possibility of a synergistic link between a wholesale CBDC and emerging types of privately issued digital currencies. These include tokenized bank deposits and asset-backed stablecoins.
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