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Gold Financial reports that the Marshall Islands have completed the issuance of the universal basic income (UBI) based on the world's first USDM1 sovereign bond on the Stellar blockchain. USDM1 is valued in US dollars, with each unit fully collateralized one-to-one and fully backed by US short-term bonds, and is immediately distributed via Lomalo's special digital wallet to citizens across dispersed islands, replacing traditional cash. The Ministry of Finance states that this plan is a financial distribution project, not a currency issuance.