Palau’s Ministry of Finance launches second phase of Palau stablecoin pilot program

Palau cybersecurity advisor Jay Hunter Anson tweeted that the Palau Ministry of Finance has officially launched the second phase of the Palau Stablecoin (PSC) program, which will focus on building a strong digital ecosystem, improving accessibility and user engagement, and will prioritize legal and regulatory compliance.
The phase plan will integrate financial institutions, legal and regulatory compliance, regulatory agencies, legal frameworks, enterprises, and users to achieve transaction security and transparency that meets international standards.
In addition, Jay Hunter Anson also stated that Palau will continue to work with Ripple, utilizing Ripple's carbon-neutral CBDC platform and technology.