The US Department of Housing and Urban Development is said to look forward to the experience of using Blockchain and Stablecoin for some of its functions.
The section, whose duties include supervising social housing, discussed so far the possibility of using Blockchain to monitor grants, ProPublica I mentioned On March 7, quoting a meeting, documents and three officials familiar with this issue.
It was also discussed was the idea of a HUD custom payment experience using a StablecoinWhich can be tested first in a management offices before it is widely applied through other offices.
Hood, headed by Trump Beck Scott Turner, was also concluded in a cost -cutting raid in musk. source: Al -Amin Turner Press Office
Two PROPUBLICA officials told them that they believe that the Hud Blockchain experience can be an experimental experience of using encryption and blocs throughout the federal government.
Last month’s meeting discussed a project where the Community Planning and Development Office, which oversees billions of dollars in grants that support affordable housing and homeless shelters, follows the money to one custom on Blockchain.
One of the attendees later wrote that the need for the project “was not a good detailed”, and the HUD official struck the plan in the employee note as “dangerous and ineffective.” They added that it is unnecessary and complicated and that Stablecoin payments Add fluctuation.
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At a follow -up meeting, HUD employees had a more mixed review, as some said that the Blockchain project could include payment of the donors with encryption and one official he says can be done in a stable currency. ”Another financial official said that Blockchain will be implemented throughout the agency, starting from CPD.
“The administration does not have plans for Blockchain or Stablecoin. Education is not implementation.”
President Donald Trump has adopted the coding industry closely, and HUD experience simulates his ideas in the costs of Caesar Caesar Elon Musk, Who supports Blockchain use Try to reduce federal spending.
Meanwhile, US Treasury Secretary Scott Beesen said at the White House encryption summit on March 7 The government will “Put a lot of thinking about Stablecoin” in an attempt “to preserve the United States [dollar] The dominant reserve currency in the world. “
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