Palau opens up to blockchain by launching Palau Stablecoin as CBDC, embracing web3-native nomads as residents, pushing for a digital economy with the tokenization of real-world assets, and creates an inaugural summit to connect to web3 leaders
– The Republic of Palau, a small island nation in the Pacifics, is meeting Web3 leaders including Vitalik Buterin to expand its scope of blockchain adoption while exploring use cases in new governance and sustainability, and charting the course for the next phase of Palau’s development as a blockchain innovation hub.
Palau recently launched a Palau Stablecoin pilot to enable secure and speedy cross-border payments, support local use cases, and to empower financial innovation in Palau. Collaborating with Ripple, the Palau Stablecoin is backed by US dollars, and is the first country stablecoin project. “We want to explore applications of blockchain technologies in finance, real estate, and carbon credits to transform Palau so we can create new opportunities for our young people,” – Alan Seid, Advisor of Palau Blockchain Society., organized by Palau Blockchain Society, Palau Ocean Foundation, Metropolis Global, and Cura, is set to take place August 27-29 in Palau.
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