Experience of the Bahamas

Sand Dollar is one of the world's first examples of digital currency issued by a government. Its main goal is to help residents of remote islands where there is no developed banking infrastructure.

The project is indeed used for payments and everyday transactions within the country. However, outside the Bahamas, Sand Dollar has little significance and is not used in international payments.

This case shows that government-backed stablecoins can be useful locally, but that does not imply automatic global success.

@Binance CIS $KGST #Stablecoins

KGST

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