Ripple launching stablecoin project for Republic of Palau

San Francisco-based payments firm Ripple is launching a stablecoin project for the Micronesian nation of Palau.

Speaking at a crypto conference in Singapore, Surangel Whipps Jr., the current President of Palau, says the island nation is taking a step in collaborating with Ripple to explore the creation of national stablecoin, which we hope to launch soon which will help make payments easy and secure.