Australia’s Central Bank Says Stablecoins and Deposit Tokens Can Coexist in Tokenization Push

The reported initiative is tied to a $17 billion tokenization drive, with the source indicating both stablecoins and bank deposit tokens could play roles in digital finance.

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Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a stable value, usually by being linked to a fiat currency such as the U.S. dollar.
  • Tokenization: The process of representing real-world or financial assets as digital tokens on blockchain-based or similar digital infrastructure.
  • Bank deposit tokens: Digital representations of commercial bank deposits that can be used in tokenized payment and settlement systems.