Palau started a dollar-linked stablecoin trial back in March that will run through August on Ripple's XRP ledger. camomileshumba reports
There's no guarantee the nation of 20,000 people, which does not have a central bank and uses the U.S. dollar as its currency, will continue with the project once the test is over.
"We will send a report to the president and congress with recommendations whether or not the stablecoin is a good program for Palau," Anson told CoinDesk."Next steps after that will depend on what the government authorities authorize.
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