The U.S. Department of Housing and Urban Development (HUD) is considering the possibility of implementing blockchain technologies and stablecoins for managing grants. The department plans to test their use in one of its offices for the payment and tracking of funds allocated to affordable housing and homeless shelter projects. Despite positive feedback from some employees, others express concerns about security and the risks associated with the volatility of cryptocurrencies. However, HUD states that they currently do not plan to implement this project.
3/10/2025 7:30:55 AM (GMT+1)
The U.S. Department of Housing and Urban Development is considering the use of blockchain and stablecoins for managing grants in affordable housing and homeless shelter projects
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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