Marshall Islands Embraces Digital Currency for Universal Basic Income

The Republic of the Marshall Islands is transitioning to digital financial services, with the ENRA universal basic income program distributing USDM1 tokens via the Lomalo wallet. This Stellar-based wallet offers a yield-generating, stable alternative to traditional stablecoins, aiming to prevent total financial isolation if the last correspondent bank leaves. This move aligns with Stellars work in challenging environments, empowering individuals, particularly women, and paving the way for broader financial freedom.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.