Today the Stellar Development Foundation (SDF) announced it 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.
Deputy Minister of Digital Transformation Oleksandr Bornyakov said the project includes the “development of the infrastructure for a Ukrainian national digital currency. Most of the world’s leading countries are developing their own national digital currencies. The National Bank of Ukraine has been researching the possibility of CBDC implementation since 2017.”
However, the project isn’t 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.
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