[Paau Island Country Launches U.S. Dollar-Backed Stable Coin Pilot Project] Recently, the government of the Pacific island nation of Palau announced that it will launch a U.S. dollar-backed stable currency pilot project on July 26. This new coin will be issued on the XRP Ledger, bringing more choices and convenience to the market.

It is reported that the Palau government will issue the first batch of Palau Stable Coins (PSC) in the pilot project to government employees, allowing them to be the first to experience this new digital currency. After a few days of testing, testers will be able to use various devices to make purchases, bringing a more convenient payment experience to everyone.

The launch of this pilot project has undoubtedly injected new vitality into the digital currency market. Let us wait and see whether this US dollar-backed stablecoin can play a greater role in the future!