The Republic of Palau is collaborating with Ripple to explore the creation of a national stablecoin

ChainCatcher news, President of the Republic of Palau Surangel S. Whipps, Jr. stated that the country's IT team is collaborating with Ripple Labs to explore the creation of a "national stablecoin" to enable the country to conduct local payments easily and securely.

It is reported that in June this year, Surangel S. Whipps, Jr. announced after meeting with Binance founder Changpeng Zhao that a digital resident ID NFT would be issued on the BNB Chain through the RNS.ID platform. This NFT allows users to perform digital local KYC online and access various services that require government-issued IDs. (Source link)