Ripple and the State of Palau team up to create a national stablecoin
The island nation of Palau and the cryptocurrency company Ripple Labs announced the start of a joint project to create a state digital stable currency. Palau President Surangel S. Whipps said in an interview with Bloomberg that a joint IT team from the island nation and Ripple Labs are working to explore opportunities to create a “national stablecoin.” Discussing digital asset strategy, the president of the archipelago of more than 500 islands, explained that such…
