According to Coinomedia, the Marshall Islands has launched a universal basic income (UBI) program using a digital wallet called Lomalo, powered by the US dollar-pegged stablecoin USDM1. The initiative aims to improve financial access and inclusion by distributing funds through a blockchain-based system, ensuring transparency and efficiency. The Lomalo wallet allows citizens to receive UBI directly and instantly, leveraging the USDM1 stablecoin to maintain value and reduce transaction costs.
Marshall Islands Launches UBI Program via USDM-Powered Lomalo Wallet
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