Coinbase Launches Pilot Program to Distribute $12,000 in USDC to Low-Income New Yorkers
Coinbase is piloting a program in New York that provides $12,000 in USDC to low-income households, in collaboration with GiveDirectly. This initiative aims to test the effectiveness of stablecoins in delivering financial aid, potentially transforming how assistance is provided and improving economic stability for participants. If successful, it could pave the way for broader use of cryptocurrency in public assistance.
Coinbase Launches Pilot Program to Distribute $12,000 in USDC to Low-Income New Yorkers
Coinbase is piloting a program in New York that provides $12,000 in USDC to low-income households, in collaboration with GiveDirectly. This initiative aims to test the effectiveness of stablecoins in delivering financial aid, potentially transforming how assistance is provided and improving economic stability for participants. If successful, it could pave the way for broader use of cryptocurrency in public assistance.
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