The U.S. Department of Housing and Urban Development (HUD) is considering blockchain and cryptocurrency for tracking federal housing grants, but fears mismanagement could destabilize housing funds.
HUD denies official plans for implementing blockchain or stablecoin adoption, stating that education is not implementation.
Discussions have taken place within HUD about using blockchain to improve transparency and efficiency, while critics argue it could introduce unregulated securities into the housing market.
The Trump administration's crypto-friendly stance and HUD's engagement with consulting firm Ernst & Young suggest possible integration of cryptocurrency into government operations.