I want to know if the notion of completed tensor product in Stacks Project Tag 0AMU is the one that yields $$k[[x]] \widehat{\otimes} k[[y]]≅k[[x,y]].$$ Here I should be considering the inverse limit topology in the power series rings, and $R=k$ a field (with the trivial topology?). If it is not, then what is the right notion of $\widehat{\otimes}$ ?
I believe this is broadly used when talking of formal groups laws (eg defining its contravariant bialgebra).