Palau partners with Ripple on climate-friendly national digital currency By Cointelegraph

, the digital cost community, has partnered with the Republic of Palau to assist the Pacific island nation develop its personal digital currency.

The preliminary focus of the partnership will see the event of a United States dollar-backed digital currency to assist facilitate cross-border funds for the nation. The collaboration “could see the implementation of the world’s first government-backed national stablecoin in the first half of 2022,” based on Ripple’s announcement.