The Montenegro CBDC Pilot, a 2023 agreement between the Central Bank of Montenegro and the company Ripple.
The engine logs it as a foothold for Ripple in sovereign digital-currency projects.
In 2023 Montenegro's central bank signed with Ripple to develop a digital-currency strategy and a national stablecoin or central bank digital currency pilot, giving Ripple a strategic node in the Adriatic-Balkan region.
It marks one point in how a private crypto firm is embedding itself into the digital-currency plans of actual governments.