Palau reportedly partners with Ripple to launch national stablecoin

Dec. 26, 2022 at 9:00 pm

By Zeynep Geylan

Island country Palau partnered with crypto technology company Ripple to develop a national stablecoin for the country, as reported by Wu Blockchain.

The country’s President, Surangel Whipps Jr, virtually joined a panel on web 3.0, Metaverse, and the future of blockchain. He talked about the country’s digital residency policy and national stablecoin project.

National Stablecoin

According to President Whipps, Palau’s national stablecoin will launch soon in partnership with Ripple and facilitate easy and secure digital payments.

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