The Marshall Islands has rolled out a blockchain-based universal basic income using the USDM1 sovereign digital bond on the Stellar (XLM) network, sending instant quarterly payouts to citizens via the Lomalo wallet.
The Marshall Islands has launched ENRA, the first sovereign on-chain universal basic income program funded by a U.S. Treasury-backed digital bond issued on the Stellar blockchain. The pilot aims to increase financial inclusion while adding transparency and automated distribution for citizens.
The Marshall Islands has launched USDM1, a Stellar-based stablecoin backed by U.S. Treasuries, to pilot a blockchain universal basic income for underserved regions. The program introduces a new framework for digital public finance and sovereign-backed tokenization.