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coinpedia 2023-07-26 13:03:05

Palau to Become First Country to Use Ripple’s CBDC Platform

The post Palau to Become First Country to Use Ripple’s CBDC Platform appeared first on Coinpedia Fintech News In an exciting collaboration, Ripple, the blockchain technology company, has joined forces with the Republic of Palau for a groundbreaking pilot project centered around a U.S. dollar-backed stablecoin. Named the Palau Stablecoin (PSC) or ‘Kluk,’ this digital currency will be built on the XRP Ledger and initially distributed among government employees. A Gateway to a …

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