The Republic of Palau, an island nation in Oceania, will partner with Ripple (XRP) to develop a national stablecoin.
Surangel S. Whipps, President of the Republic of Palau, attended a panel discussion on the country’s interest in the cryptocurrency sector. your faith say it brought and a national stablecoin project He said they were working on it. President Surangel is working with the country’s IT team to develop a national stablecoin. Rippleannounced that they will work together. The stablecoin, which will be released together with Ripple, is expected to be completed as soon as possible.
The country does not have its own central bank, instead. US Dollar Stating that they are using a national stablecoin, Surangel your main purpose, ease of payment and security while also providing digital central bank money (CBDC) He also stated that he wanted to create an infrastructure for
In addition, Binance CEO, one of the leading names in the industry Changpeng Zhao (CZ) and the founder of Ethereum Vitalic Buterine The Republic of Palau, which held talks with NFT identities and virtual residency programs on many issues such as innovations to do getting ready.
President Surangel made the following statements on the subject:
Being a small country is one of the advantages we have, I hope our government can take action and adapt to the changes that need to be made in this rapidly changing environment.