The Ministry of Finance of Palau has launched the second phase of the Palau Stablecoin (PSC) initiative, which aims to strengthen collaboration with Ripple and create a robust digital ecosystem. The PSC, backed by US dollar cash balances, will enable cheap peer-to-peer and offline transactions, addressing the challenges of Palau’s geographical layout and high mobile data costs.
read moreJay Hunter Anson
0 posts last weekPalau Ministry of Finance Launches Second Phase of Palau Stablecoin Initiative
The Ministry of Finance in Palau has launched the second phase of the Palau Stablecoin (PSC) initiative, which aims to create a digital currency pegged to the US dollar using Ripple’s XRP Ledger. This phase will focus on forming new partnerships for marketing and sustainable development, as well as regulatory compliance. The program has received positive feedback during its first phase, with volunteers using the digital currency for transactions at participating shops.
read morePalau Launches Second Phase of Stablecoin Project with XRPL, Revolutionizing Financial Transactions and Accessibility
Palau’s stablecoin project, the PSC, has entered its second phase with the integration of XRPL technology. This blockchain-based digital currency aims to improve financial accessibility and facilitate offline transactions in Palau, addressing the challenges of moving cash between its islands and reducing transaction fees.
read morePalau Launches Second Phase of Palau Stablecoin Program, Expanding Partnership with Ripple
The Ministry of Finance in Palau has launched the second phase of the Palau Stablecoin (PSC) Program, aiming to extend its partnership with Ripple to leverage their CBDC platform. The PSC is a digital currency pegged to the US dollar and stored in a commercial bank, with the second phase focusing on marketing collaborations and sustainable development goals.
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