Stellar Ecosystem
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TASCOMBANK and Bitt launched a pilot of the electronic hryvnia on Stellar, testing programmable payroll and payments for Ukrainian public employees under National Bank of Ukraine supervision.

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.

The article contrasts traditional payment apps like Venmo with Stellar's blockchain for low-cost, borderless remittances. It highlights Stellar's negligible transaction fees, decentralized exchange for fair rates, and adoption by Franklin Templeton. The author, a self-described no-coiner, expresses optimism about cryptocurrency's potential to empower the unbanked.

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.

Stellar Development Foundation announces Meridian 2020, a virtual conference from November 16-20 featuring keynotes from Reid Hoffman, Tim Berners-Lee, and other global leaders to discuss payments, financial inclusion, CBDCs, and blockchain policy.

Registration is now open for Meridian 2020, Stellar Development Foundation's Nov. 16-20 conference exploring how innovation, inclusion, and governance can drive social and economic change. Featured speakers include former Liberian President Ellen Johnson Sirleaf and LinkedIn co-founder Reid Hoffman.

Stellar Development Foundation aims to become the global payments standard within 5 years, with CEO Denelle Dixon highlighting CBDCs as a key opportunity. The foundation is pursuing government adoption of CBDCs on Stellar's network, though founder Jed McCaleb acknowledges this remains early-stage. Protocol 13 and Horizon 1.0 upgrades are planned for June.

IBM's global blockchain head Jesse Lund has departed the company. Lund led IBM's Stellar-based World Wire payment network, which connected six banks across 72 countries. Stellar co-founder Jed McCaleb said the departure won't impact the platform.

IBM is expanding cryptocurrency adoption beyond Stellar, meeting with 20 central banks to explore blockchain-based digital currencies and tokenizing assets like securities, commodities, and utilities across enterprises.