Palau to discontinue dollar-based stablecoin two months after launch

Palau will end the pilot program of its U.S. Dollar-backed stablecoin efforts later this month, according to a Sept. 7 post on X by Jay Hunter, the country’s head of digital residency.

Hunter revealed that the distribution of the Palau Stablecoin (PSC) will cease by this Friday, Sept. 8. He advised holders of the asset to utilize their tokens before Sept. 15, after which they cannot spend them.