THE IMPORTANCE OF NATIONAL DIGITAL CURRENCY IN STRENGTHENING THE STABILITY OF THE FINANCIAL ECOSYSTEM

This article discusses the importance of a national digital currency as a means of strengthening Ukraine's financial stability amid profound economic, technological, and institutional changes. Based on an evaluation of the current Ukrainian payment market landscape, the key prerequisites and constraints for introducing an electronic hryvnia have been identified. The article demonstrates that while there is a high level of consumer digitalisation, this is coupled with structural risks, particularly market concentration, inadequate instant payment infrastructure, and heightened vulnerability to technological threats. The article argues that introducing a national digital currency could have a positive, comprehensive effect. It demonstrates that digital currency could become a fundamental element of a renewed financial ecosystem, ensuring the long-term stability and efficiency of the national economy.