US housing dept mulls blockchain, stablecoin to pay and monitor grants: Report

Quick Summary:

The US Housing Department has discussed possibly using a stablecoin to fund grants and tracking it using blockchain, ProPublica reports.

However, a HUD spokesperson told ProPublica that “the department has no plans for blockchain or stablecoin.

Also discussed was the idea of experimenting with paying a HUD grantee using a stablecoin, which could first be tested in one of the department’s offices before being applied broadly across other offices.

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Article Details

Author / Journalist: Cointelegraph by Jesse Coghlan

Category: Crypto

Markets: United States

Topics: Department Blockchain Crypto Meeting Propublica Experiment Using Stablecoin Grants Housing Discussed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 03:25:21 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26823911

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About Coin Telegraph

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Official Website: cointelegraph.com

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Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #11

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