Republic Of Palau And Ripple Labs Mint First Stablecoin - 0 views
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John Kiff on 25 Jul 23The Republic of Palau has collaborated with Ripple Labs to mint its inaugural stablecoin, the XRP Ledger (XRPL) based Palau Stablecoin (PSC). The island state doesn't have a central bank and the US dollar is the country's main medium of exchange. The Ministry aims to reduce payment costs within the Palau and enhance access to financial services, particularly for underserved communities and socio-economic groups, using digital solutions. https://twitter.com/JHX_1138/status/1683445766952562689