Stellar has been actively working with governments and financial institutions to support the development of Central Bank Digital Currencies (CBDCs). Its technology provides a fast and scalable infrastructure for issuing and managing digital fiat currencies.
For example, Stellar has collaborated with Ukraine’s central bank to explore the issuance of a digital hryvnia. If more governments choose Stellar for CBDC implementation, it could lead to increased adoption and a potential rise in the XLM price.