Marshall Islands Pioneers World's First National Digital Currency & UBI on Stellar Blockchain

The Republic of the Marshall Islands (RMI) has made a historic leap by launching the world's first national digital currency to fund a Universal Basic Income (UBI) program. This groundbreaking initiative, built on the Stellar blockchain, introduces the Marshallese Sovereign (SOV) as its official digital currency. The SOV will be distributed directly to citizens as a form of UBI, aiming to boost financial inclusion and stimulate the local economy. This move positions the Marshall Islands as a global innovator in leveraging blockchain technology for sovereign monetary policy and social welfare. The Stellar network was chosen for its speed, low transaction costs, and energy efficiency, aligning with the nation's goals for sustainable financial infrastructure. This launch represents a significant real-world use case for blockchain, demonstrating its potential to transform government disbursements and create more equitable economic systems on a national scale.