Stellar signs deal with Ukraine to work on CBDC, stablecoins, and virtual asset infrastructure | The Payers

Taken from www.thepayers.com
6 January 2021

The Stellar Development Foundation (SDF) has signed a deal with Ukraine’s Ministry of Digital Transformation to work on both a central bank digital currency (CBDC) as well as stablecoin and virtual asset infrastructure.

The project includes the ‘development of the infrastructure for a Ukrainian national digital currency’, however, it is not limited to a digital hryvnia currency. It includes Stellar helping with developing a virtual assets market in the country, assisting with implementing stablecoins using the Stellar blockchain, and developing a digital currency for the Central Bank, Ledger Insights cited Deputy Minister of Digital Transformation Oleksandr Bornyakov.

Read the full story here.

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