Tag: PSC

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Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey

September 9, 2023

Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research and development pilot,” and that the entity will now…
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Senator Calls for Audit on Palau’s Ripple-Backed Stablecoin Pilot Program

August 8, 2023

Palauan senator Mark Rudimch has called for an audit of Palau’s stablecoin pilot program, launched by the country’s ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid, Rudimch reported the Palauan senate had concerns regarding the “constitutionality, security, accountability, statutory authority, and oversight of the…
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