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The Marshall Islands distributes basic income to its citizens through Stellar

Dec 25, 2025 11:06:36

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The Marshall Islands distributes a national basic income (ENRA) through Stellar. The government of the Marshall Islands launched the first round of ENRA distribution on November 26, 2025, covering all citizens of the Marshall Islands, with funding sourced from the investment returns of the Compact Trust Fund (capped at 4%). The distribution methods include checks, bank transfers, and blockchain channels (Lomalo digital wallet, supported by Stellar). Additionally, the Stellar Foundation has also led the development of the digital sovereign bond USDM1. USDM1 is pegged 1:1 to short-term U.S. Treasury bonds, denominated in U.S. dollars and redeemable at face value.

The national basic income is a mechanism through which the Marshall Islands ensures that national wealth is regularly shared among all citizens via this fund. The program aims to implement universal nationwide distribution for all resident citizens, with no income or employment thresholds, and maintains regular disbursements.

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