CoinOtag
2025-11-30 00:10:10

New York Pilot Tests USDC for Cash Transfers in Low-Income Neighborhoods

The New York USDC cash transfer program delivers $12,000 to 160 low-income residents in South Bronx and East Harlem over five months using stablecoin payments. Funded indirectly by Coinbase via nonprofit GiveDirectly, it combines $800 monthly USDC transfers with an $8,000 lump sum to test crypto for basic income delivery. Program Structure: Participants receive $800 [...]

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