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BTCC / BTCC Square / Global Cryptocurrency /
Marshall Islands Launches Blockchain-Based UBI Program with Tokenized Dollars

Marshall Islands Launches Blockchain-Based UBI Program with Tokenized Dollars

Author:
Global Cryptocurrency
Published:
2025-12-16 20:57:02
18
2
BTCCSquare news:

The Marshall Islands has introduced a groundbreaking universal basic income (UBI) program leveraging blockchain technology. Citizens will receive dollar-denominated tokens via the Lomalo app, powered by Crossmint wallets on the stellar network. The initiative aims to streamline financial access across the nation's 1,200 islands, where physical cash distribution remains logistically challenging.

USDM1 tokens, backed 1:1 by U.S. Treasuries, enable instant peer-to-peer transfers without reliance on ATMs or cash shipments. This sovereign digital currency solution demonstrates how blockchain can address real-world financial inclusion challenges in geographically dispersed regions.

The program marks a significant milestone in national cryptocurrency adoption, positioning the Marshall Islands at the forefront of monetary innovation. By tokenizing sovereign bonds and distributing them through mobile wallets, the government creates a blueprint for other island nations facing similar infrastructure constraints.

|Square

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