Palau moves closer to stablecoin launch
The island nation of Palau has completed a three-month pilot that it says was a success, and it now aims to launch a national stablecoin to move away from the U.S. Dollar.
The island nation of Palau has completed a three-month pilot that it says was a success, and it now aims to launch a national stablecoin to move away from the U.S. Dollar.
The country reportedly initiated the moratorium after authorities became concerned with a local crypto startup that falsely claimed to have the government’s backing.