CoinVoice has recently learned that on July 26, according to Cointelegraph, the Pacific island nation of Palau will launch a US dollar-backed stablecoin pilot project on July 26 local time.
The stablecoin will be issued on the XRP Ledger and is the latest project to run on the Ripple CBDC platform, which debuted in May. The country will issue the first batch of Palau Stablecoins (PSC) in a pilot project to official employees. [Original link]
