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 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.