Marshall Islands launches world’s first blockchain-based UBI on Stellar

[_Miracle]

Marshall Islands launches world’s first blockchain-based UBI on Stellar blockchain

https://www.coindesk.com/business/2025/12/16/marshall-islands-launches-world-s-first-blockchain-based-ubi-on-stellar-blockchain


USDM1 is a U.S. dollar-denominated sovereign bond fully backed by short-term U.S. Treasury bills. The bond is distributed through the Stellar Disbursement Platform into a custom-built digital wallet app called Lomalo. Developed by Crossmint, Lomalo allows recipients to receive funds instantly via Crossmint wallets on the Stellar network.

In an exclusive statement to CoinDesk, a Finance Ministry spokesperson said, “USDM1 is issued under New York law using a time-tested Brady-bond structure that has underpinned sovereign finance for decades. Its foundation is not regulatory discretion or policy preference, but settled law.”

“U.S. Treasury collateral is held by an independent trustee, outside the control of any government or private issuer, and redemption rights are fixed, unconditional, and legally enforceable,” the spokesperson added.

SDF CEO Denelle Dixon said the program exemplifies “what adoption looks like for blockchain technology,” enabling everyday financial access where it was previously lacking.

The government emphasized that USDM1 does not compromise the country’s monetary or technological sovereignty. “ENRA is a fiscal distribution program, not a currency initiative,” the spokesperson said. “Every unit is issued one-to-one against short-dated U.S. Treasuries held in trust, fully backed and legally segregated at all times.”

The rollout, years in the making, was shaped by the Marshall Islands’ geography and infrastructure constraints. “Distance, dispersion, and limited physical infrastructure shape the realities of daily life,” the spokesperson said. “This was purpose built for the Marshall Islands.”

A white paper released alongside the initiative outlines the broader policy and financial framework for USDM1

https://www.coindesk.com/tag/stellar-development-foundation

[BADecker]

I've heard that the Marshall Island area good place to live. Maybe it's time to move. Safety in US Treasuries.

[montaga]

^Sure it is rainwater collected on the airport runway and the highest elevation is like 3 feet in the middle of nowhere.
Good thing nukes are fake otherwise adiological pollution fish would be on the menu, from the Bikini Atoll testing.
Personally i will not go anywhere near a communist style UBI. You dance to the music playing, or the use of the walled disabled or limited.
World will once again split between UBI users and the free world. I will have my own wallet and will be at a place i can use it.

[BADecker]

^^^ You have some good points. Maybe I should move to Suwarrow, or better yet, Tema Reef, in the Cook Islands. Lol.

The Marshall Islands don't have anything at 3 feet.

[_Miracle]

^Sure it is rainwater collected on the airport runway and the highest elevation is like 3 feet in the middle of nowhere.
Good thing nukes are fake otherwise adiological pollution fish would be on the menu, from the Bikini Atoll testing.
Personally i will not go anywhere near a communist style UBI. You dance to the music playing, or the use of the walled disabled or limited.
World will once again split between UBI users and the free world. I will have my own wallet and will be at a place i can use it.

The world constantly wants to divide itself into the have (way too much) and have nots.
In one way UBI says there is a baseline of worth that the people on this patch of earth should share in.


Personally I would say that if governments focused on regulating industry, recalled its responsibility to its citizens and were in no way allowed to oppress individual persons we would be further up the path of an equitable society.

The world is now proudly and blatantly corrupt. Profit for the few (the 1%)  subsidized on the extraction of the many (us 99%).

Maybe the authoritarian drift happening all around the world combined with my country trying to push the world into wars to distract from The Epstein Files will finally wake us up.

The Free World has been shrinking since the early 2000's