April 23, 2020 New Marshall Islands’ digital currency to use a permissioned version of Algorand.

The Marshall Islands has chosen to launch its USD-pegged digital currency initiative on top of the smart contract blockchain platform, Algorand. The Pacific Island nation will use a permissioned version of Algorand, citing its throughput and deterministic finality as the key properties that influenced the decision. The initiative is being led by SFB Technologies and is expected to launch towards the end of 2020.