The Palau Ministry of Finance launches the second phase of the Palau Stablecoin pilot program

ChainCatcher news, Palau cybersecurity advisor Jay Hunter Anson tweeted that the Palau Ministry of Finance has officially launched the second phase of the Palau Stablecoin (PSC) plan, which will focus on building a robust digital ecosystem, enhancing accessibility and user engagement, and will emphasize legal and regulatory compliance.

This phase of the plan will integrate financial institutions, legal and regulatory compliance, regulatory bodies, legal frameworks, businesses, and users to achieve transaction security and transparency that meet international standards.

In addition, Jay Hunter Anson also stated that Palau will continue to collaborate with Ripple, leveraging Ripple's carbon-neutral CBDC platform and technology.