Marshall Islands Launches World’s First On-Chain Universal Basic Income Program

TLDR: The Marshall Islands completed the first on-chain UBI distribution using a digitally native sovereign bond. USDM1 is fully backed by short-term U.S. Treasury bills and issued under New York law. The Stellar blockchain enables direct digital transfers, replacing quarterly physical cash deliveries. ENRA is a fiscal distribution program and does not alter the nation’s [...]

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