Marshall Islands distributes Universal Basic Income via Stellar

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Mars Finance reports that the Marshall Islands has issued a Universal Basic Income (ENRA) through Stellar. The Marshall Islands government launched the first round of ENRA distribution on November 26, 2025, covering all citizens of the Marshall Islands. The funding comes from investment returns of the Compact Trust Fund (up to 4%). Distribution methods include checks, bank transfers, and blockchain channels (Lomalo digital wallet supported by Stellar). Additionally, the Stellar Foundation has led the development of the digital sovereign bond USDM1. USDM1 is pegged 1:1 to short-term US Treasury bonds, denominated in USD, and redeemed at face value. The Universal Basic Income is a mechanism by which the Marshall Islands ensures that national wealth benefits all citizens regularly through this fund. The program aims to implement a universal nationwide distribution to all citizens and residents, with no income or employment thresholds, and maintains regular disbursements.

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