Australia draft payments vision eyes stablecoin interoperability

Australia’s payments authorities (RBA, Treasury, AusPayNet and Australian Payments Plus) published a draft vision saying tokenised money — including stablecoins, bank deposit tokens and tokenised liabilities — could materially affect future account-to-account (A2A) rails. The draft urges design for secure interoperability between traditional account-based money and tokenised fiat to enable reliable movement of funds, programmable settlement and new execution models while flagging risks around accountability, data use and resilience. The work complements Project Acacia (selected use cases announced July 2025) and recent moves to bring digital-asset platforms under Australia’s financial services framework. Market impact: the draft signals a regulatory and infrastructure push toward tokenisation and CBDC pilots that could increase adoption of tokenised settlement assets and stablecoins, encourage industry testing and clarity for firms, and reduce long-term operational uncertainty for payment market participants — a neutral-to-constructive signal for tokenisation-related projects and service providers.