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The first foreign exchange (FX) transaction using the the Reserve Bank of Australia’s central bank digital currency (CBDC) has been a success.
ASX-listed DigitalX (ASX:DCC) and fund manager TAF Capital were involved in the trade of eAUD to USDC stable coin on May 17, with blockchain fintech Canvas central to the test FX transactions.
The trade was part of the RBA and Digital Finance Cooperative Research Centre CBDC pilot.
Canvas Digital CEO David Lavecky said the Canvas CBDC exchange demonstrated how the RBA’s eAUD can be used to trade AUD for other international currencies quickly and more efficiently.
David Hauser @ Silicon Beach