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Australia Draft Vision Weighs Stablecoins for Future Payment Rails
Australia’s account-to-account payments roundtable released a draft vision for public consultation that weighs how stablecoins and tokenized fiat money could fit into future domestic payment rails. The draft says future systems may need secure interoperability between account-based money and tokenized representations of fiat currency. The paper also flags accountability, liability, data-use, and resilience risks as tokenized money moves closer to mainstream infrastructure.