Palau Embarks on Phase Two of Innovative Stablecoin Project with Ripple

Palau Embarks on Phase Two of Innovative Stablecoin Project with Ripple

The Ministry of Finance of Palau has officially launched the second phase of the Palau Stablecoin (PSC) program. This phase aims to enhance the digital currency’s utility and reach by prioritizing the development of a digital ecosystem and increasing user engagement, while ensuring adherence to regulatory compliance. Jay Hunter Anson, a cybersecurity consultant in Palau […]

Palau Government Launches US Dollar-Backed Stablecoin Pilot on XRP Ledger

Palau Government Launches US Dollar-Backed Stablecoin Pilot on XRP Ledger

On July 26, the government of Palau will commence a pilot project for a new United States dollar-backed stablecoin, set to be issued on the XRP Ledger. The Palau Stablecoin (PSC), also known as the Kluk, will be initially distributed to government employees after undergoing testing with volunteers making purchases using various devices. The PSC […]

CBDCs on the horizon: The current state of CBDC initiatives around the world

CBDCs on the horizon: The current state of CBDC initiatives around the world

Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]

The Future of Central Bank Digital Currency

The Future of Central Bank Digital Currency

Source: Ripple As 2023 unfolds, the future of digital currencies backed by central banks is accelerating.  According to a new report from Juniper Research, the global value of central bank digital currencies (CBDCs) will grow dramatically from $100 million today to $213 billion by 2030. Why is this high growth in CBDC adoption and use […]

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