Hedera HBAR Gains Momentum as AUDD Stablecoin Selected for Australia’s Project Acacia Pilot
The Hedera-based stablecoin AUDD has been chosen for two key applications in Australia's Project Acacia pilot, signaling a major advancement in digital settlement systems. Led by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), the initiative will incorporate AUDD into national-level trials managed by Australian Payments Plus (AP+), the country's leading retail payments operator.
AUDD, issued by AUDC on the Hedera blockchain, will undergo testing in two experimental scenarios: real-time atomic settlement for tokenized assets and integration with Australia's instant payment infrastructure. The six-month pilot highlights increasing institutional adoption of blockchain technology for financial systems.
