ChainCatcher message, the Marshall Islands distributes Universal Basic Income (ENRA) through Stellar. The Marshall Islands government launched the first round of ENRA distribution on November 26, 2025, covering all citizens of the Marshall Islands, with funding sourced from the Compact Trust Fund investment returns (capped at 4%). Distribution methods include checks, bank transfers, and blockchain channels (Lomalo digital wallet, supported by Stellar). Additionally, the Stellar Foundation has also led the development of the digital sovereign bond USDM1. USDM1 is pegged 1:1 to short-term U.S. Treasuries, denominated in U.S. dollars, and redeemable at face value.
The national basic income is a mechanism by which the Marshall Islands ensures that national wealth regularly benefits all citizens through this fund. The program aims to implement universal nationwide distribution for all resident citizens without income or employment thresholds, and maintains regular disbursements.
