Stablecoin

Future

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The nature of the&nbsp;<a href="https://u.today/ripple-reported-to-be-building-national-stablecoin-for-republic-of-palau">relationship</a> between American blockchain payments firm Ripple Labs Inc. and the Republic of Palau has been subject to much debate, with the media speculating wrongly about its scope. Taking to the X app, Jay Hunter Anson, Digital Residency Office Director of Palau,&nbsp;<a href="https://twitter.com/JHX_1138/status/1699792059748753519">noted</a> that the country's stablecoin pilot was a temporary project that might come to an end soon.
According to Jay, claims that Palau is "looking forward to continuing its partnership with Ripple using the XRPL to refine our Stablecoin solution design" are false. He went on to confirm that the stablecoin project was scheduled to last for just 60 days, after which an extension of 30 days was introduced to focus on the other use cases that were discovered during the pilot.
The extension of the pilot also allowed more people to participate in the project, which helped satisfy popular demand in the country. Moving forward, Jay Hunter said the team will now compile data emanating from the trials and push its report to the country’s leadership.
The pilot project overseers will make recommendations to the government on the next steps, which will also include requirements for a full production program. From his comments, the role of Ripple in the future is not yet defined at this time, and wrong to conclude at this time.
<h2 dir="ltr" id="ripple-hitting-it-off-with-various-countries">Ripple hitting it off with various countries</h2>
Ripple Labs has one of the most revolutionary payment and cross-border settlement solutions in the world's emerging digital ecosystem of today. The company has been&nbsp;<a href="https://u.today/ripple-to-develop-cryptocurrency-strategy-for-republic-of-palau">assisting countries</a> with their Central Bank Digital Currency (CBDC) solutions, with nations like Bhutan also&nbsp;<a href="https://u.today/ripple-partners-with-central-bank-of-bhutan-to-launch-cbdc-trial">joining</a> the count.
The attractiveness of Ripple goes beyond its technology; it is also enshrined in its sustainability practice, which underscores how countries can achieve different goals through a single partnership.

No, Ripple and Palau Do Not Have Long-Term Partnership, Official Says

Table of Contents

U_Today

Other articles published on Sep 8, 2023

Top 3 Price Predictions: Watch Wall Street Memes, Shiba Inu, and Dogecoin Price in Next Meme Coin...

Ripple Reopens Victory Party Registration, Fans Predicts Scenes

VZ Stock Price (NYSE: VZ) Prediction: Will It Sustain Or Slid?

Dusk is excited to announce its roadmap: pathway to mainnet

Taiwan to Restrict Offshore Non-Complaint Exchanges

eCash Price Prediction: Will XEC Crypto Break Out From Here?

Join our free newsletter for daily crypto updates!