The stablecoin opportunity in Australia is immense and the strategic policy decisions the government makes over the next 12 months could “define the future importance of the Australian dollar in global markets”, a panel have warned.

Several industry leaders made submissions to the House Standing Committee on Economics Inquiry into Schemes, Digital Wallets and Innovation in the Payments Sector on 25 February.

With international markets moving swiftly toward tokenised payments, key players warn Australia risks falling behind – or could seize the opportunity to lead in a new era of faster, cheaper and more accessible transactions.

To “give Australia a fighting chance” in the rapidly-evolving world of digital payments and…