The Republic of the Marshall Islands has introduced the world's first universal basic income (UBI) system through a Stellar-based digital bond. The USDM1 digital sovereign bond, backed one-to-one with short-term U.S. Treasury bonds, is distributed via digital wallets. This initiative, developed in collaboration with the Stellar Development Foundation and Crossmint, aims to enhance financial inclusion and transparency.
This pioneering move positions the Marshall Islands at the forefront of digital sovereign finance, potentially serving as a model for other small nations considering blockchain-based economic systems. The project reflects a growing trend in digital asset adoption and innovation.
Marshall Islands Launches World's First UBI with Stellar-Based Digital Bond
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