by Jake ClaverPalau stablecoin pilot, Ripple, and XRPL: stablecoins doing real settlement work
Palau stablecoin pilot, Ripple, and XRPL put stablecoins to work as settlement money. Every part of it traces back to a named, primary source.
The Settlement Layer
This material is about fiat-denominated value moving through the ecosystem, usually via issuance or settlement. Supporting material comes from the Ripple Palau launch release and the Palau Office of Public Auditor report. Republic of Palau phase 1 report PDF, a research document from the organizations involved, states it directly:
> Design Pilot and Research and Development Project in partnership with Ripple’s Central Bank Digital Currencies (CBDC) and Central Bank Engagements team and using the Ripple CBDC platform. The primary objective of the PSC Pilot Project was to assess different use cases and proposed benefits brought by the PSC, in a controlled environment and during a determined period, where up to 200 volunteers from among the Palau government’s executive branch employees would making purchases at a select number of retailers onboarded in this project.
What This Means For XRPL
What it changes for the Ripple and XRP Ledger ecosystem: stablecoin activity can improve how useful a network is for payments and treasury operations.
From The Source
