The Republic of the Marshall Islands has successfully executed the world's first on-chain universal basic income (UBI) distribution using the Stellar blockchain. This initiative employs a digital sovereign bond named USDM1 as the distribution tool. Part of the national ENRA program, the project is a collaboration with the Stellar Development Foundation and Crossmint, transitioning from quarterly cash payments to digital transfers for eligible citizens across the dispersed islands. The USDM1 bond is dollar-denominated and fully backed 1:1 by short-term U.S. Treasury bills.