{"id":72036,"date":"2022-12-28T12:58:51","date_gmt":"2022-12-28T10:58:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72036"},"modified":"2025-09-08T12:31:38","modified_gmt":"2025-09-08T09:31:38","slug":"ripple-labs-to-help-palau-authorities-create-a-national-stablecoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ripple-labs-to-help-palau-authorities-create-a-national-stablecoin\/","title":{"rendered":"Ripple Labs to help Palau authorities create a national stablecoin"},"content":{"rendered":"<p>President <span data-descr=\"an archipelagic state in Micronesia\" class=\"old_tooltip\">Palau<\/span> Surangel Whipps Jr. <a href=\"https:\/\/bizzabo.engage-live.co.uk\/bloomberg\/L21+ASEAN\/Panel_Web_3.0_2.pdf\">said<\/a> that Palau is collaborating with Ripple Labs on a project to create a \u201cnational stablecoin\u201d.<\/p>\n<p>According to him, the country should strive to diversify its economy and to harness the full benefits of new technologies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPalau is taking a step in collaboration with Ripple to explore the possibility of creating a national stablecoin, which we hope to launch in the near future. This will help make payments simple and secure,\u201d emphasised Whipps.<\/p>\n<\/blockquote>\n<p>He added that the country has no central bank \u2014 it uses the US dollar as its official currency. The aim of the new project is to create its own <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPalau is also fortunate to receive recognition from blockchain-industry leaders, such as Binance CEO Changpeng Zhao [\u2026]. We discussed how we can cooperate on the digital residency programme and use Binance Pay for payments,\u201d added Whipps.<\/p>\n<\/blockquote>\n<p>The president noted that he discussed joint initiatives with Ethereum <a href=\"https:\/\/u1f987.com\/en\/news\/who-is-vitalik-buterin\">Vitalik Buterin<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is a new world for Palau, but we are happy to be a part of it,\u201d he emphasised.<\/p>\n<\/blockquote>\n<p>As noted in June Ripple <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-opens-first-office-in-canada\">opened<\/a> its first engineering centre in Canada. Previously the company <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-partners-with-lithuanian-money-transfer-provider-finci\">announced<\/a> a partnership with the Lithuanian provider of international online money transfers FINCI.<\/p>\n<p>In the spring, National Australia Bank and Canadian Imperial Bank of Commerce \u2014 among the largest financial institutions in Australia and Canada respectively \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/nab-and-cibc-use-ripple-technology-for-cross-border-payments\">began<\/a> using Ripple&#8217;s technology to settle international payments.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palau President Surangel Whipps Jr. announced cooperation with Ripple Labs on a project to create a national stablecoin.<\/p>\n","protected":false},"author":1,"featured_media":72037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[112],"class_list":["post-72036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=72036"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72036\/revisions"}],"predecessor-version":[{"id":72038,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72036\/revisions\/72038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72037"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}