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Marshall Islands Launches Universal Basic Income via Digital Wallet

11/19/2025

Summary

Story summary

The Republic of the Marshall Islands has launched a Universal Basic Income using the Lomalo digital wallet powered by the USDM1 stablecoin.
The program aims to enhance financial access, allowing payments via digital wallet, physical check, or direct deposit.
The first disbursement is set for late November.
The International Monetary Fund (IMF) cautioned against untested digital assets and urged a targeted approach, while the Marshall Islands government continues engaging with the IMF.

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Story summary

The Republic of the Marshall Islands has launched a Universal Basic Income using the Lomalo digital wallet powered by the USDM1 stablecoin.
The program aims to enhance financial access, allowing payments via digital wallet, physical check, or direct deposit.
The first disbursement is set for late November.
The International Monetary Fund (IMF) cautioned against untested digital assets and urged a targeted approach, while the Marshall Islands government continues engaging with the IMF.