Australian CBDC Pilot for Digital Finance Innovation
The RBA will mint and issue eAUD (against payment of the equivalent amount of Australian dollars) to approved use case providers and an eAUD Distributor. The eAUD Distributor is intended to be an entity approved by the RBA which will distribute eAUD to use case providers that are unable to receive eAUD directly from the RBA. At the conclusion of the pilot, all end users will be required to transfer their eAUD to their use case provider, who will pay an equivalent amount in Australian dollars. Use case providers, in turn, will be required to redeem their eAUD holdings with the RBA (possibly via the eAUD Distributor).