Montenegro has announced a partnership with Ripple to launch a pilot project to create the country’s first digital Stablecoin.The Southeastern European country of Montenegro hasa partnership with Ripple to launch a pilot project to create the country’s first digital stablecoin.
Furthermore, Dr. Abazovi revealed that his country will collaborate with Ripple on a stablecoin pilot project. “In collaboration with Ripple and the Central Bank, we have launched a pilot project to build the first digital currency or stablecoin for Montenegro,” he stated.Montenegro is a candidate country for EU membership whose application has yet to be approved. Montenegro uses EUR, despite not being a member of the Eurozone.
Ripple previously developed a private ledger for central banks to test CBDCs in 2021. The same year, it touted XRP, the native currency of the XRP Ledger, as the solution to the problem of cross-border CBDC interoperability, calling it an ideal neutral bridge currency.
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