Australia payments draft eyes stablecoin interoperability
Australias future payment rails may need to support stablecoins and tokenized fiat money. A new draft vision says account-to-account systems could adapt as tokenized money moves closer to mainstream use.Australias draft payments vision identifies stablecoins as a future force in A2A payment systems.The draft says payment rails may need to connect bank money with tokenized fiat.Australia is also testing tokenized settlement through Project Acacia and wider digital asset rules. The draft was co-developed by the Account-to-Account Payments Roundtable. Members include AusPayNet, Australian Payments Plus, the Reserve Bank of Australia, and the Commonwealth Treasury. The document lists digital assets among the outside forces that could shape Australias future payment systems. It says tokenized money could change how payments are settled and automated. Stablecoins move into payments planning The draft said, “Tokenised forms of money, such as stablecoins and tokenised liabilities, are moving from experimentation to adoption.” It added that programmable, ledger-based value could support new settlement models. These systems may also allow payments to run with wider availability and more automation. Moreover, the document said account-to-account systems “may need to support secure interoperability between account-based money and tokenised representations of fiat currency.” This would allow funds to move between bank-based money and tokenized versions of fiat currency. The