Palau works with Ripple in the next phase of the country’s stablecoin launch

The Ministry of Finance of Palau has officially launched the second phase of the Palau Stablecoin (PSC) initiative. Jay Hunter Anson, an advisor from Palau, confirmed this development. The Palau Ministry of Finance issues and manages the PSC, a stablecoin fully backed by US dollar cash balances.The PSC project team plans to use Ripple's Central Bank Digital Currency (CBDC) technology and... source: https://cryptobriefing.com/palau-works-with-ripple-in-the-next-phase-of-the-countrys-stablecoin-launch/?utm_source=cryptopanic&utm_medium=rss