CryptoMediaClub
Friday, August 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Ripple Seals Partnership with Palau for US Dollar-Backed Stablecoin

27.07.2023
A A
0
128
VIEWS
ShareShare

Following its significant legal victory against the SEC, Ripple is forging ahead with new partnerships, and the latest addition to its roster is Palau, an island country in the Pacific.

As reported by The Block, the Palau government has teamed up with Ripple to pilot a stablecoin backed by the US dollar. This collaboration will see the introduction of the new stablecoin on the XRP Ledger, a blockchain technology provided by Ripple.

A statement revealed that the initial rollout of the Palau Stablecoins (PSC) in the pilot project will be accessible to government employees, with plans to extend its availability to the broader population.

Palau’s President, Surangel Whipps Jr, expressed enthusiasm for the partnership with Ripple and emphasized the country’s commitment to spearheading financial innovation and technology to enhance financial access for its citizens. The PSC project aims to create a national digital currency that empowers Palauans with more significant financial opportunities.

The Palau Stablecoin (PSC) will be deployed on the XRP Ledger (XRPL) using Ripple’s Central Bank Digital Currency (CBDC) Platform. This move showcases the versatility and capabilities of the XRP Ledger in supporting digital currency initiatives.

Palau’s finance minister, Jay Hunter Anson, also took to Twitter to announce and introduce the Palau Stablecoin (PSC), further highlighting the country’s dedication to embracing blockchain-based financial solutions.

This partnership marks a significant milestone for Ripple, as the company is currently collaborating with over 20 governments worldwide on Central Bank Digital Currency (CBDC) projects. Adopting blockchain technology and stablecoins can revolutionize how countries manage their financial systems, enabling greater efficiency and accessibility for their citizens.

As the journey toward financial innovation continues, Ripple’s expertise and influence in cryptocurrency are playing a pivotal role in shaping the future of digital finance. Palau’s decision to join forces with Ripple reflects global recognition and acceptance of blockchain and stablecoin solutions.

Ripple’s recent partnership with Palau to create a US dollar-backed stablecoin on the XRP Ledger demonstrates the company’s unwavering momentum and commitment to expanding its reach after a significant legal triumph against the SEC. As more governments explore the potential of CBDCs and blockchain technology, Ripple’s expertise and collaborative efforts are likely to play a key role in shaping the evolving landscape of global finance.

The post Ripple Seals Partnership with Palau for US Dollar-Backed Stablecoin appeared first on BitcoinWorld.

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?

Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Kraken Co-Founder Jesse Powell Under Investigation for Alleged Hacking and Cyberstalking of Non-Profit

Kraken Co-Founder Jesse Powell Under Investigation for Alleged Hacking and Cyberstalking of Non-Profit

2 years ago
US gov’t shutdown looms — 5 things to know in Bitcoin this week

US gov’t shutdown looms — 5 things to know in Bitcoin this week

2 years ago
Decentralized sensors to combat noise pollution hit the blockchain

Decentralized sensors to combat noise pollution hit the blockchain

2 years ago
XRP Price Prediction: Analyst Declares ‘Only Two Paths Remain’ as XRP Tightens to Breaking Point

XRP Price Prediction: Analyst Declares ‘Only Two Paths Remain’ as XRP Tightens to Breaking Point

1 month ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Tourists in South Korea to Exchange USDT via Crypto ATMs

BNB Holders Can Now Earn Daily Passive Income Through the Officially Launched BNB Payment Integration by Find Mining

BlackRock’s BUIDL fund hit by $447M outflow after 18-month record breaking $2.8B inflow

23% of CFOs in North America Ready to Implement Crypto

Coinbase Accuses FDIC of Hiding Operation Chokepoint 2.0 Files 

Altcoins lead crash as $751M liquidated in last 24 hours and Bitcoin falls to July low

Trending

ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M
All news

ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M

01.08.2025
0

Ethereum is trading at $3,616 after a -2.24% pullback with BlackRock’s iShares ETH ETF recording $17.65 million...

Visa Expands Crypto Capabilities of Its DLT Platform

Visa Expands Crypto Capabilities of Its DLT Platform

01.08.2025
WEPE Pullback Finds Strong Support Before New Test of Resistance at $0.0001249

WEPE Pullback Finds Strong Support Before New Test of Resistance at $0.0001249

01.08.2025
Tourists in South Korea to Exchange USDT via Crypto ATMs

Tourists in South Korea to Exchange USDT via Crypto ATMs

01.08.2025
BNB Holders Can Now Earn Daily Passive Income Through the Officially Launched BNB Payment Integration by Find Mining

BNB Holders Can Now Earn Daily Passive Income Through the Officially Launched BNB Payment Integration by Find Mining

01.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz