May 18, 2026

Part 7 of 7: Financial Access and the Path to USDM1 Increasing Dollar Liquidity ENRA (Universal Basic Income) and USDM1 provide pathways, over time, to expand the supply of accessible dollar liquidity within the RMI. These initiatives reduce reliance on physical cash and allow remote atolls to receive and move value digitally – when they […]

Part 6 of 7: Financial Access and the Path to USDM1 USDM1 — A Digital, Fully Collateralized Sovereign Bond USDM1 is a digital, fully collateralized, USD-denominated sovereign bond issued directly on-chain. It is not a wrapped instrument. It provides a safe way to transfer value while maintaining contractual rights, collateral structure and legal enforceability. USDM1

Part 5 of 7: Financial Access and the Path to USDM1 Corporate Stablecoins From the earliest stages of their adoption, the government took note of the evolution and rapid growth of stablecoins – digital instruments designed to maintain a one-to-one peg with fiat currencies like the U.S. dollar. The largest stablecoins were issued by private

Part 4 of 7: Financial Access and the Path to USDM1 The Journey to USDM1 (2015–2025) The RMI has been closely evaluating blockchains as secure mechanisms for transferring value, and considering their potential to lower the costs of financial access for the Marshallesse people, for many years. As early as 2015, global public-policy discussions began

Part 3 of 7: Financial Access and the Path to USDM1 Responsible System Design The government considered many factors when evaluating approaches to deliver regular ENRA (Universal Basic Income) distributions. First and foremost, approaches needed to be tailored to the RMI’s context and geography, and designed with citizens at the center. The government needed to

Part 2 of 7: Financial Access and the Path to USDM1 Political System The RMI joined the United Nations in 1991. Since then, it has aligned its laws and regulations with global standards, strengthened its institutional capacity and worked alongside trusted international and multilateral partners. The RMI votes in the UN General Assembly as a

Part 1 of 7: Financial Access and the Path to USDM1 Introduction The Republic of the Marshall Islands (RMI) is a sovereign nation and former U.S. territory positioned between Hawai‘i and Australia, with the major economies of East Asia just beyond its western horizon. Its roughly 1,200 islands are spread across nearly two million square