TechFlow news, the Central Bank of Montenegro announced on April 11 that it has signed an agreement with Ripple to develop a strategy and pilot program for a Montenegrin digital currency in the form of a central bank digital currency (CBDC) or stablecoin. The country has used the euro as its currency since 2002, despite not being part of the Eurozone.
James Wallis, Ripple's Vice President for Central Bank Engagement and CBDCs, said further details would be revealed later this year. The project will go through several phases, including identifying practical use cases for a digital currency or national stablecoin.
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