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Australia and New Zealand Banking Group Limited has tied up Grollo Carbon Ventures. Together, they successfully traded Australian Carbon Credit Units (ACCUs), making it a landmark achievement in Australia’s CBDC pilot run. According to the official statement, “This marks the completion of the Bank’s first use-case as part of the Central Bank Digital Currency (CBDC) pilot run by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC).” #cryptonews: Australia and New Zealand Banking Group (ANZ) has completed its use case in the pilot project run by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre using central bank digital currency (#CBDC). — CoinMarketCap (@CoinMarketCap) April 6, 2023 Notably, the DFCRC is a multi-million dollar program and is funded by various universities, partners, and the Australia n Government. Also Read: Why Is Australia’s ANZ Halting Fiat Deposits & Withdrawals? Tokenization ...

The past year has been quite depressing for the crypto market. Collapses, bankruptcy filings, and stagnated prices are the characteristics that stood out in 2022. With the gloomy year almost coming to an end, Peter Johnson, Co-Head of Venture at Brevan Howard Digital took to Twitter to share a positive development pertaining to Stablecoins . Stablecoins: The Crypto Market’s Knight In Shining Armor? In 2021, Stablecoins settled around $7 trillion in on-chain. However, the rate is already up to $9 trillion per year now. Johnson highlighted that the amount settled by other payment-processing corporations like Mastercard (~$2.2T), Amex (~1T), and Discover (<200B) were fairly lower. Visa’s processing rate alone, on the other hand, stood around $12 trillion per year. 1/ Last year, stablecoins settled >$7tn on-chain. Current run-rate is ~$9tn/yr. This is significantly more than Mastercard (~$2.2tn), Amex (~$1tn), and Discover (<$200bn). In 2023, on-chain stablecoin...