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Palau Partners with Ripple to Create Dollar-Pegged Stablecoin and Digital Savings Bonds Platform

  • Palau has launched a new blockchain-based savings bonds prototype system in partnership with Soramitsu and Japan’s Trade and Economy Ministry.
  • Palau previously partnered with Ripple to deploy a stablecoin on the XRP ledger, resulting in the first CBDC transaction on XRPL.
  • The bond prototype, called Palau Invest, allows citizens to invest in the country's development and earn returns.
  • The funds raised from the bond will be used for national projects such as infrastructure and economic development.

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