🇲🇭 HISTORIC: Marshall Islands Becomes First Country to Distribute UBI On-Chain
The Republic of the Marshall Islands just made history by completing the world's first blockchain-based Universal Basic Income distribution.
Here's what happened:
➜ Citizens now receive UBI payments through USDM1, a digital sovereign bond on Stellar blockchain
➜ USDM1 is fully backed 1:1 by U.S. Treasury bills - not a typical stablecoin, but an actual sovereign obligation
➜ Payments go directly to the Lomalo wallet app, replacing slow physical cash deliveries across 1,200+ scattered islands
Why it matters:
This isn't a pilot or experiment - it's a live national program delivering real money to real citizens using blockchain rails.
Stellar CEO Denelle Dixon called it "what adoption looks like for blockchain technology."
While others debate crypto regulation, the Marshall Islands just quietly showed the world how governments can use blockchain for public good.
Real adoption. Real utility. No hype.
