The Digital Euro Association (DEA) recently announced a collaboration with The HBAR Foundation, which was officially revealed through a consortium post. The announcement stated that the DEA and HBAR would collaborate to innovate the digital landscape, with HBAR known for its support of projects utilizing Hedera's Hashgraph technology.

The partnership reflects both entities' commitment to fostering a sustainable and advanced digital future, particularly in enhancing the adoption, development, and understanding of Central Bank Digital Currency (CBDC) and stablecoin projects. As a result of this significant partnership, the HBAR coin experienced a 3.20% increase in 24 hours and is currently trading at $0.1102, with a 3.50% growth over the past seven days. Projections for the HBAR coin price anticipate Hedera maintaining stability at $0.12 by year-end.

Dr. Jonas Gross, chairman of DEA, expressed excitement about partnering with The HBAR Foundation, emphasizing HBAR's role in nurturing virtual currency ecosystems, which aligns with DEA's future vision. The partnership underscores DEA's dedication to advocating for and exploring technologies that enhance the efficiency and security of the virtual currency ecosystem.

Similarly, Shayne Higdon, CEO of The HBAR Foundation, lauded the collaboration, noting its alignment with Hedera's commitment to developing a sustainable digital future. With Hedera boasting the lowest carbon footprint among decentralized ledger technologies, it is well-positioned to facilitate fast and cost-effective transactions while contributing significantly to the growth of the virtual currency industry.

Higdon emphasized that partnering with DEA would enable Hedera to make further contributions to the digital currency market, given the stature of both parties. Their combined efforts are expected to have a significant impact on the digital currency landscape.