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The Marshall Islands launched a digital dollar currency for limited UBI payments, requiring manual check conversion for 100 of 37,000 eligible citizens.
The Marshall Islands has begun a limited rollout of its US dollar-backed digital currency, USDM1, to distribute quarterly universal basic income payments known as "Enra."
Due to U.S. funding rules, recipients must first receive paper checks from MISSA and manually convert them to USDM1 via the Lomalo wallet, limiting participation to about 100 of 37,000 eligible citizens.
The digital currency, built on the Stellar blockchain, aims to improve financial access for remote islanders, though direct retail use and cash-out options remain under development.
The UBI payment is approximately $175 per person, slightly reduced due to higher enrollment.
Officials say the pilot is progressing ahead of schedule, prioritizing compliance, safety, and audit readiness over speed.
Las Islas Marshall lanzaron una moneda digital en dólares para pagos limitados de UBI, que requiere la conversión manual de cheques para 100 de los 37,000 ciudadanos elegibles.