*On Thursday, July 2025. Australia’s top bank, the Reserve Bank of Australia (RBA), unveiled the second phase of its digital currency pilot.* https://www.cryptopolitan.com/australia-begins-digital-currency-trial/ *24 use cases, including:* - *Digital Currency Types*: - *🔥 STABLECOINS*: pegged to a stable asset, reducing volatility - *🔥Bank-issued deposit tokens*: TOKENIZED REPRESENTATIONS OF BANK DEPOSITS - *🔥Central Bank Digital Currency (CBDC)*: a digital version of the Australian dollar According to Sophie Gilder, the Commonwealth Bank CBA’s Head of Blockchain and Digital Assets, *“The repo market, with its critical role in liquidity management and monetary policy implementation, represents an ideal starting point for this exploration.” The objective is to test whether blockchain-based tokens can reduce friction, decrease risk, and foster market liquidity.*