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 From Fugees to Fintech: Wyclef Jean Joins Circle to Explore Stablecoin Payments Through Art October 29, 2025 Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1 July 16, 2024 Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest May 11, 2023
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