Palau Stablecoin Advances to Next Phase on XRPL, Transitioning from Island Paradise to Blockchain Frontier.
07 Aug 2023, 08:00
Palau Stablecoin Advances to Next Phase on XRPL, Transitioning from Island Paradise to Blockchain Frontier
The Republic of Palau and Ripple have taken a significant step toward the future of digital currency with the launch of their limited stablecoin pilot. The partnership began in 2021 and aimed to explore potential use cases for the Palau Stablecoin (PSC), linked to the U.S. Dollar, on the XRP Ledger (XRPL). The XRPL is a carbon-neutral variant of a blockchain using the so-called decentralized ledger technology known for its secure and private transactions, making it an ideal platform for settling and providing liquidity to tokenized assets.