Recently, the Republic of Palau, an island nation in the Oceanian continent, <a href="https://finance.yahoo.com/news/ripple-launches-cbdc-platform-development-100000773.html" rel="noopener noreferrer nofollow">launched</a> its stablecoin project on the public XRP Ledger (XRPL). The project aims to utilize XRP for swift and secure payments. Following a successful pilot program, the project has been implemented.Ripple’s 2023 value <a href="https://ripple.com/lp/2023-new-value-report/?utm_source&#61;website_banner&amp;utm_medium&#61;direct_traffic&amp;utm_campaign&#61;NewValueReport_2023_Q2&amp;utm_content&#61;pencil_banner&amp;utm_term&#61;1/" rel="noopener noreferrer nofollow">report</a> has brought attention to the accomplishment. It has been reported that the stablecoin project has officially launched after a successful pilot program that included the participation of approximately 200 Palauan citizens.XRP community influencer, Eri, has recently brought the development to the public’s attention:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d76bd9c680ac4745b539863063f47ead.png" />The recent pilot program assessed the viability and user-friendliness of digital currency for local transactions and payments. Palauan residents could use mobile devices to purchase goods from participating stores or engage in local transactions using the newly launched stablecoin.Read full article at <a href="https://cryptotale.org/palauan-government-adopts-xrpl-stablecoin-powered-by-xrp/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Palauan Government Adopts XRPL Stablecoin Powered by XRP

CryptoTale

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