Palau Stablecoin - Pilot Program - FAQs

The Republic of Palau and Ripple have launched a limited Stablecoin Pilot Program. The U.S. Dollar-backed Palau Stablecoin (PSC), also known as Kluk, will be issued on the XRP Ledger (XRPL). For further information, please visit the Official Website of The Palau Stablecoin Pilot Program (https://www.palaugov.pw/stablecoin) and the Ripple Central Bank Digital Currency Platform (https://ripple.com/cbdc).

THE PALAU STABLECOIN
Pilot Program

Frequently Asked Questions

1. What is the Palau Stablecoin (PSC)?
2. What is a digital wallet or e-wallet?
3. Why does the Palau Ministry of Finance believe this is needed in Palau?
4. Is the issuance of the PSC part of a plan to make the country cashless?
5. Is the Palau Stablecoin a cryptocurrency?
6. Where will Palau Stablecoin be accepted?
7. Is the system secure?
8. How long do we anticipate for the pilot to continue before we transition to deployment?
9. How will using stablecoin differ from using other virtual payment options i.e. PayPal or Google?
10. There's a lot of controversy surrounding bitcoin. How is stablecoin different?
11. Is a Stablecoin safe? Could I lose my money?
12. How can a Stablecoin help Palau's economy?
13. How are the Government employees being selected and what if there are more than 200 volunteers?