Marshall Islands Launches UBI Program with Stellar Blockchain
2025-12-16 22:04:39
The Marshall Islands has completed the world's first Universal Basic Income (UBI) issuance based on the digital sovereign bond USDM1 via the Stellar blockchain. USDM1 is dollar-denominated, one-to-one collateralized per unit, fully backed by U.S. Treasury bills, and is instantly distributed to citizens on decentralized islands through a dedicated digital wallet, Lomalo, replacing traditional cash. The Treasury Department said the program is a fiscal distribution project rather than a monetary issue.
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