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Stellar Lumens’ open-source tool is being utilized by the UNHCR to send donations to Ukraine, according to Denelle Dixon, the CEO of Stellar Lumens. The tool enables thousands of payments to be made at once, providing a faster, cheaper, and more transparent method of distributing aid. The Stellar Disbursement Platform was previously used for digital aid disbursement in Ukraine in December 2022. Dixon explained that the tool is built on the Stellar network, which is an open-source blockchain network. Payments made using digital assets on the Stellar network can be received in Ukraine within approximately three seconds, with the entire process taking around three minutes. The ongoing conference on international standard-setting, co-hosted by The Digital Dollar Project and the Atlantic Council’s GeoEconomics Center, is providing a platform for discussions on Central Bank Digital Currency (CBDC) implementation. The conference aims to establish international standards for CBDCs and dollar-backed stablecoins, as numerous countries are exploring the implementation of CBDCs. The Stellar network is considered a suitable project for CBDC initiatives due to its focus on trust and the ability for trusted issuers to create digital representations of their assets.