IMF Confirms R3 Using XRP

A February 2024 departmental paper from the International Monetary Fund (IMF), titled “Rise of Digital Money: Implications for Pacific Island Countries”, has come under renewed attention following a tweet from a digital asset researcher known as SMQKE. The post highlights a specific reference within the IMF’s report that connects the R3 enterprise blockchain platform to the XRP Ledger , stating that the IMF explicitly confirmed that “R3 is based on the XRP blockchain.” The tweet adds the word “Documented,” emphasizing the official nature of the reference. Even as recent as 2024, the IMF confirmed that “R3 is based on the XRP blockchain.” Documented. https://t.co/JLuIZBBMgf pic.twitter.com/gHgIu6apN0 — SMQKE (@SMQKEDQG) May 27, 2025 Palau’s Sovereign Stablecoin Initiative The IMF paper includes an annex focused on Palau, detailing the country’s financial infrastructure and digital currency initiatives. According to the table, Palau has no central bank and uses the US dollar as its legal tender. The nation also lacks a domestic central bank-operated payment infrastructure, relying instead on systems provided by U.S. banks for clearing and card issuance. As part of its modernization efforts, Palau launched a digital identification system in 2022 and has been exploring sovereign stablecoin issuance. One section of the table reads, “There is a plan to issue sovereign stablecoins by late 2022 (based on R3 XRP blockchain).” This phrasing has gained attention in digital asset circles due to its specific mention of both R3 and the XRP blockchain in the context of a government-backed stablecoin project. While R3’s Corda platform is widely known for its enterprise blockchain capabilities, this IMF citation appears to affirm a more direct integration with the XRP Ledger than previously emphasized in public-facing institutional reports. Community Reactions and Clarifications In a reply to SMQKE’s tweet, X user Rodrigo Siqueira offered additional context, clarifying that while R3’s Corda does not have a native cryptocurrency, it is capable of integrating with multiple crypto assets, including XRP, XDC, Solana, and Ethereum (via Obscuro). According to Siqueira, such integrations are used for specific purposes such as decentralized finance (DeFi) operations and asset tokenization. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Digital Infrastructure in Palau The original IMF report was prepared by a multi-departmental team and includes insights from the Asia and Pacific Department, the Monetary and Capital Markets Department, the Legal Department, and others. The February 2024 publication explores how digital money innovations are impacting the financial landscapes of Pacific island countries, many of which face unique challenges due to geographic isolation and limited financial infrastructure. Palau’s engagement with blockchain-based solutions, particularly in the issuance of a sovereign stablecoin, is a noteworthy example of how smaller jurisdictions are adopting digital finance technologies. The IMF document acknowledges this trend, even referencing Palau’s Digital Residency Law, which enables individuals worldwide to claim blockchain-based residency status with the backing of a sovereign government. Implications for Blockchain and Policy Integration The citation of the XRP blockchain as part of Palau’s stablecoin initiative , as documented by the IMF, remains a point of interest for those tracking the intersection of public policy and blockchain technology. The involvement of R3 and its potential interoperability with crypto assets, such as XRP, adds further dimension to ongoing discussions about how traditional financial institutions and emerging blockchain platforms are integrating in practice. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post IMF Confirms R3 Using XRP appeared first on Times Tabloid .

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