Status : Development
Usecase : Retail, Wholesale
The Republic of Palau signed a partnership with Ripple, an American technology provider, for the development of a dollar backed digital currency, that is, a stablecoin pegged to the dollar. The President of Palau stated that the country will be looking into cross-border payments and a domestic, retail CBDC. The country also stated that it chose Ripple because of its carbon-neutral technology. The digital currency has not yet been launched.
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