USD-backed stablecoin pilot project launched by Pacific island nation of Palau Post author:MiamiCrypto Post published:July 26, 2023 Post category:CBDC / Ripple / Stablecoin The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees. You Might Also Like BlackRock Ripple (XRP) ETF Coming Soon? Here’s What You Need to Know August 1, 2025 Ripple (XRP) to Hit $1 By the end of This Month? Analysts Chip In December 13, 2023 Vader will shut down stablecoin USDV, cannot find a ‘breakthrough’ December 29, 2022