StarkEx-based network hosts first forex swap using Australia's trial CBDC

Crypto EcosystemsMay 18, 2023, 7:47AM EDT
StarkEx-based network hosts first forex swap using Australia's trial CBDC
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Quick Take

  • Australian CBDC eAUD was used in a foreign exchange context through Layer 2 technology based on StarkEx.
  • The transaction involved an on-chain swap between eAUD and the USDC stablecoin on a private StarkEx-based network called Canvas Connect.
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Australian CBDC eAUD was involved in its first transaction in a foreign exchange context using Layer 2 technology from StarkWare.
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