The Australian central bank successfully piloted the CBDC and completed the first EAUD foreign exchange transaction using Ethereum Layer2

According to TechFlow, Cointelegraph reported that the Australian digital dollar successfully conducted its first foreign exchange transaction on the Ethereum Layer 2 blockchain. The transaction was completed by cryptocurrency fund managers DigitalX and TAF Capital using eAUD for stablecoin USDC. The transaction was completed on a decentralized application on Canvas' "Connect" - an Ethereum Layer 2 using StarkWare's zero-knowledge (ZK) aggregation technology.

This signals that the use of a digital dollar may hold promise for addressing challenges in the foreign exchange and remittance markets, such as shortening transaction times, reducing fees, and providing more open access.

Currently, ANZ is testing CBDC for a variety of use cases, including trading carbon credits. The pilot program ends on May 31, and the evaluation report will be released on June 30.