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The post Palau’s Stablecoin on the XRP Ledger to Freeze for User Feedback! appeared first on Coinpedia Fintech News
Palau’s government has announced that its USD-backed stablecoin built on the XRP ledger will be frozen on September 15th. The move is aimed at collecting feedback from users to shape the platform’s future direction. The government wishes to use the feedback to improve the transparency and accountability of the stablecoin and to provide users with a better experience. The freeze will prevent any further transactions until the government completes its evaluation. Palau’s stablecoin is among a growing number of cryptocurrencies built on the XRP Ledger, which is known for its fast transaction speeds and scalability.
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