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Palau to issue Government-backed stablecoin with Ripple support
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finextra.comPalau president Surangel S. Whipps, Jr.
says: “The first phase of the partnership will focus on a cross-border payments strategy and exploring options to create a national digital currency, providing the citizens of Palau with greater financial access.”The XRP Ledger provides financial institutions and government bodies such as Palau the ability to fully settle transactions for fractions of a penny and in just 3-5 seconds. To date, more than 5,400 currencies have been issued and traded on the XRP Ledger via its integrated decentralized exchange (DEX) and custom token functionality that makes it possible to create, issue and manage crypto currencies, including stablecoins.
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