TLDR
The Republic of the Marshall Islands (RMI), a tiny state of slightly over 53,000 people spread across 24 inhabited atolls in the middle of the Pacific Ocean, has declared its intentions to issue a new currency. The Marshallese Sovereign (SOV) will be used alongside the US Dollar, the current currency of the country. It is an actual crypto, rather than a stablecoin, since it is not pegged to any other fiat currency. However, although decentralisation is a main goal, the currency is backed by a central, political authority.via the TL;DR App
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Written by rossimarco | Crypto Analyst and Content Writer for companies interested in having a fintech blog portfolio
