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I just saw an interesting news story about the Marshall Islands. They launched a digital UBI project, which is the first in the world where a country has created a universal basic income system using blockchain technology.
They issued a digital bond called USDM1 on the Stellar network, supported one-to-one with short-term U.S. Treasury bonds, and distributed it to citizens via digital wallets. What’s interesting is that this UBI system was developed in collaboration with the Stellar Development Foundation and Crossmint, meaning it’s not just a paper concept.
Their goal is quite clear — to promote financial inclusion for citizens, reduce administrative costs, and increase transparency in the system. These are exactly the things blockchain technology should enable.
What can be said is that the Marshall Islands might be positioning itself as a leader in digital government finance, and this model could serve as an example for other small countries. If a UBI system powered by Stellar technology proves successful, it could be a turning point for public financial management in the future.