ENRA (Marshall Islands national UBI) New

Active
Launched Nov 2025; first quarterly payments by Dec 1, 2025; on-chain disbursement announced Dec 2025

ENRA is the Republic of the Marshall Islands' national universal basic income: about $200 per quarter for every resident citizen, children included. Recipients can take the payment as USDM1, a tokenised Treasury-backed sovereign bond on Stellar, in the government-backed Lomalo wallet. It was billed as the world's first on-chain UBI disbursement.

https://stellar.org/press/world-s-first-on-chain-disburseme…
Blockchain

Stellar

Social identity

Government citizenship/residency registry (state-run eligibility, not crypto proof-of-personhood)

Social mining

Quarterly ~$200 per person via paper check, bank deposit, or USDM1 to the Lomalo wallet (Stellar Disbursement Platform)

Token economics

- USDM1: dollar-denominated digital sovereign bond, 1:1 backed by short-term US Treasuries
- Program funded by the Compact Trust Fund (US Compact of Free Association), ~$50M/year

Governance

Government of the Republic of the Marshall Islands (Ministry of Finance)

Verified users
33,000+ resident citizens enrolled (Sept 2025, per press reports)
Key people

David Paul (Minister of Finance, RMI)
Denelle Dixon (CEO, Stellar Development Foundation)
Rodri Fernandez Touza (Co-founder, Crossmint)

Locations
Marshall Islands
Links
Stellar press release
CoinDesk (Dec 2025)
Scott Santens analysis
Lowy Institute
Notes

- Lomalo wallet built by Crossmint; SDF grant funded USDM1 development
- IMF advised narrower targeting for fiscal sustainability