USD-backed stablecoin pilot project launched by Pacific island nation of Palau

July 26, 2023 CoinTelegraph

The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.

Source: https://cointelegraph.com/news/us-dollar-backed-stablecoin-pilot-project-launched-pacific-island-nation-palau

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