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USD-backed stablecoin pilot project launched by Pacific island nation of Palau

7:03pm, 25th July, 2023

USD-backed stablecoin pilot project launched by Pacific island nation of Palau

The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.

Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin

1:09pm, 1st June, 2023

Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin

The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.