Some Low-Income New Yorkers Are Receiving $12,000 in Crypto as Part of a New Program—Here ...

Key Takeaways A new pilot program by GiveDirectly and Coinbase is giving 160 low-income New Yorkers $12,000 in USDC, a stablecoin pegged to the U.S. dollar.The initiative is funded with about $2.6 ...
CoinDesk

Coinbase-Backed Pilot Program Hands Out $12,000 in Crypto to Low-Income New Yorkers

A new Coinbase-funded pilot in New York is exploring how crypto aid via dollar-backed stablecoin USDC could change lives.