Stellar Ecosystem
News

The Marshall Islands has launched the world's first blockchain-based universal basic income (UBI) program using the Stellar blockchain. The initiative, called ENRA, disburses USDM1—a U.S. dollar-denominated sovereign bond fully backed by U.S. Treasuries—via digital wallets to citizens across dispersed islands. This replaces physical cash deliveries with instant on-chain transfers.

U.S. Bancorp is testing its own stablecoin on the Stellar blockchain, joining other major banks like Bank of America and Citi in exploring USD-backed digital assets. The bank chose Stellar for its security features, including the ability to freeze assets and clawback transactions. This aligns with U.S. Bank's new digital assets division focused on stablecoins, custody, and tokenization.

Stellar's resources hub showcasing whitepapers, reports, and guidebooks on blockchain, crypto, fintech, and CBDCs. The page also promotes Stellar's newsletters for ecosystem updates and developer resources.

The Stellar Development Foundation published a contribution to OMFIF's Digital Assets 2024 Report titled 'The Power of Public Blockchains,' highlighting how public blockchains offer superior stability, security, and resilience compared to traditional financial infrastructure while enabling regulatory compliance and faster settlement.

The Stellar Development Foundation partnered with PwC US to create a framework for assessing blockchain protocols' electricity consumption and greenhouse gas emissions. The guide addresses CBDCs' potential for financial inclusion, interoperability, and sustainability on open networks.

The Stellar Development Foundation has published a comprehensive guidebook for policymakers and regulators on Central Bank Digital Currencies (CBDCs), addressing the growing global interest in government-backed digital assets on blockchain.

The Stellar Development Foundation published a whitepaper explaining how the Stellar network is uniquely suited for central bank digital currencies (CBDCs), detailing its asset issuance features, consensus mechanism, and implementation guidance for central banks.

Advanced Payment Solutions joins Armenotech and Tempo France in a Stellar-based fintech ecosystem to bridge traditional and digital finance, with plans for CBDC projects and a Euro-nominated stablecoin.

Mercado Bitcoin and Stellar successfully tested a Brazilian CBDC on public blockchain, demonstrating delivery versus payment transactions with digital real. The pilot was part of Brazil's Central Bank LIFT Challenge to explore digital real use cases.

TASCOMBANK released findings from its electronic money pilot on Stellar, recommending blockchain adoption for Ukraine's payment system. The report highlights benefits including transparency, security, low costs, and high throughput for issuing hryvnia-nominated electronic money.

The Stellar Development Foundation submitted comments to the U.S. Treasury on digital asset regulation, advocating for interoperability between CBDCs, stablecoins, and blockchain-based systems to advance financial inclusion and reduce transaction costs.

SDF, eCurrency, and ANZ's CBDC prototype solution has been shortlisted for the G20 TechSprint 2022, competing to demonstrate how central bank digital currencies can be issued and distributed efficiently on blockchain infrastructure.

Stellar Development Foundation submitted comments to the Federal Reserve on how CBDCs could improve financial inclusion, reduce payment costs, and enable cross-border remittances. The SDF highlighted Stellar's role in CBDC infrastructure, citing examples like Brazil's central bank partnership and cost comparisons showing Stellar's efficiency for remittances.

The Stellar Development Foundation joined Mercado Bitcoin's CBDC consortium for Brazil's LIFT Challenge to develop a digital Real. The initiative aims to demonstrate instant settlement and delivery versus payment for crypto-assets, with a pilot potentially launching in Q4 2022.

Mercado Bitcoin partners with Stellar Development Foundation on LIFT Challenge Real Digital, exploring CBDC use cases for Brazil's central bank digital currency launching in H2 2022.

Stellar CEO Denelle Dixon announced that Stellar is working with Ukraine to launch a central bank digital currency (CBDC) using the hryvnia, with ongoing efforts despite delays from the conflict. The initiative involves partnerships with Bitt and Tascombank, and Ukraine has simultaneously seen significant growth in crypto adoption for donations and military purchases.

The Stellar Development Foundation released its 2021 Q4 report, highlighting major achievements including USDC integration, MoneyGram partnership for cash-in/cash-out services, $80.25M in Enterprise Fund investments, three protocol upgrades, and international CBDC pilots in Ukraine.

SDF published a guidebook for regulators on designing CBDCs, explaining how central bank digital currencies can improve financial inclusion through open blockchains like Stellar, with features like programmability, compliance controls, and privacy protections.

The Stellar Development Foundation announced that Stellar blockchain will power Ukraine's central bank digital currency pilot, led by FinTech firm Bitt and TASCOMBANK under central bank supervision. This positions Ukraine ahead of most European nations in CBDC development.

Stellar's built-in asset issuance capabilities, compliance features, and consensus protocol make it well-suited for central bank digital currencies. The network offers security and control comparable to centralized systems while enabling interoperability on a public blockchain.

Bitt and the Stellar Development Foundation were selected as finalists in Singapore's Global CBDC Challenge to develop a retail central bank digital currency solution using Bitt's Digital Currency Management System integrated with the Stellar network.

Stellar Development Foundation will partner with Ukraine's Ministry of Digital Transformation to develop the country's CBDC and virtual asset infrastructure, including stablecoin regulation. The collaboration marks SDF's continued expansion into government digital currency projects across multiple countries.