HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Monday that it has joined the Digital Euro Association (DEA). As part of DEA, HBAR Foundation will be bringing the Stablecoin Studio on Hedera to the attention of leading banks and institutions.
The Digital Euro Association (DEA) is a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money based in Frankfurt, Germany.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1107 at press time, up by 4% over the last 24 hours.