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Palau Finance Ministry Launches Second Phase Of Its CBDC Project

Palau Finance Ministry has flagged off the second phase of its XRPL-powered central bank digital currency (CBDC) pilot program following the successful completion of Phase 1. Palau cybersecurity advisor Jay Hunter Anson announced on the X platform (formerly Twitter) that the Palau Finance Ministry has officially launched the second phase of the Palau Stablecoin (PSC) project. This phase will focus on building a robust digital ecosystem, improving accessibility and user engagement, and emphasizing legal and regulatory compliance. According to Anson, the Republic of Palau will continue its partnership with Ripple in the second phase.

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