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 Ripple Fights Back: Seeks to Expose SEC Employees XRP Holdings August 31, 2021 Philippines Plans to Introduce Wholesale CBDC by 2029 July 27, 2024 Big Adoption News for Ripple’s Stablecoin (RLUSD) May 29, 2025