ChainCatcher news, the Pacific island nation of Palau has released a report on the first phase of a pilot project for a Ripple-based stablecoin. The pilot project started in June 2023 and concluded in September 2023, with a total of 168 participants. The survey results showed that 31.7% of respondents were satisfied with the project, while 36.6% expressed that they were very satisfied. 58% of respondents found setting up and using the wallet for payments easy or very easy. However, half of the respondents reported that the wallet usage or payment processing was slow, or encountered issues when using QR codes and manually entering addresses.The Palau Ministry of Finance stated that the first phase of the program "was successful among both volunteers and retailers." The Ministry indicated that future phases should focus on leveraging stablecoins to create a larger ecosystem and establish a legal framework.Previously reported, the Pacific island nation of Palau will launch a USD-backed stablecoin pilot project. This stablecoin will be issued on the XRP Ledger and is the latest project running on the Ripple CBDC platform. The country will distribute the first batch of Palau Stablecoins (PSC) to official employees involved in the pilot project.

ChainCatcher news, the on-chain credit scoring protocol TopScore has announced its participation in the Chainlink BUILD program. By enhancing access to Chainlink's industry-leading oracle network services and technical support, as well as incentivizing greater security in the crypto economy, it accelerates the development of the ecosystem and the long-term adoption of Web3 data analytics and on-chain reputation, providing commitments for network fees and related credit products to the Chainlink community and service providers (including stakers).As a member of the KNN3 ecosystem applications, TopScore has long been an active participant and promoter of the Chainlink technology ecosystem. Participation in the BUILD program further advances the integration with the Chainlink ecosystem, providing scene-level data modules and scoring model support for applications related to Web3 data and on-chain behavior.TopScore aims to reshape the user reputation system on-chain by quantifying the value of user behavior both on-chain and off-chain, turning it into a true personal social asset, breaking the monopoly of credit ratings, and allowing user credit to flow freely across regions and platforms. Currently, TopScore supports the evaluation of social behaviors for ENS and Lens users, and will soon integrate evaluation matrices for governance behavior, DeFi behavior, and community/DAO participation, while also opening up access for more application scenarios.

ChainCatcher news, Palau is ending its dollar stablecoin project after launching a pilot in August. Jay Hunter, a member of the Palau Ministry of Finance and head of the digital residency program, announced on social media that the government will stop distributing the Palau Stablecoin (PSC) on September 8.Hunter stated that after the distribution stops, the Palau Stablecoin will also be frozen after September 15, and users will not be able to spend it, adding: "After September 15, you will no longer be able to use PSC. This will give us time to handle retailer redemptions before the pilot officially ends at the end of the month."

ChainCatcher news, EY announced the launch of the beta version of EY OpsChain ESG on its blockchain SaaS platform. The new solution developed on the Ethereum blockchain will provide a single, verifiable view of carbon emissions (CO2e) to address the needs of businesses striving to accurately measure and track their carbon footprint.It will also provide the transparency demanded by consumers, business partners, and regulators through a trusted platform, enabling emissions and carbon credit tracking within an ecosystem through tokenization. (Source link)