ChainCatcher News: The Marshall Islands issues national basic income (ENRA) via Stellar. The Marshall Islands government launched the first round of ENRA distribution on November 26, 2025, covering all citizens of the Marshall Islands, with funding sourced from Compact Trust Fund investment returns (capped at 4%). Distribution methods include checks, bank transfers, and blockchain channels (Lomalo digital wallet, supported by Stellar). Additionally, the Stellar Foundation 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 regularly benefits all citizens via this fund. The program aims to implement a universal national distribution for all citizen residents, with no income or employment thresholds, and maintains regular disbursements.
