Home
News
Details

Marshall Islands Launches First Blockchain-Based UBI on Stellar Blockchain

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
XLM
$0.2175-1.22%
The Marshall Islands has launched the world’s first blockchain-based UBI project on the Stellar blockchain. Named ENRA, the initiative uses the USDM1 sovereign bond to distribute payments directly to citizens via the Lomalo wallet app. The government confirmed USDM1 is a dollar-pegged bond backed by short-term treasury bills, not a new currency. The project marks a major step in blockchain-based public finance.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.