*The United States Department of Housing and Urban Development is looking into the likelihood of dipping its feet in the rivers of the cryptocurrency industry. According to meeting recordings and materials, the agency may be looking at a trial run with a crypto experiment across the federal government.*

https://www.cryptopolitan.com/united-states-housing-agency-crypto/?utm_source=CPTelegram

One of the staff mentioned that the move might just introduce another unregulated security into the housing market, noting that it had happened in the past.

Meanwhile, the discussion at the HUD has been centered around the development and *use of a stablecoin, a kind of token often pegged to a real life fiat currency like the US dollar,* which reduces its price swings. However, *there had been cases where some of these tokens depegged, dropping drastically*
*The United States Department of Housing and Urban Development is looking into the likelihood of dipping its feet in the rivers of the cryptocurrency industry. According to meeting recordings and materials, the agency may be looking at a trial run with a crypto experiment across the federal government.* https://www.cryptopolitan.com/united-states-housing-agency-crypto/?utm_source=CPTelegram One of the staff mentioned that the move might just introduce another unregulated security into the housing market, noting that it had happened in the past. Meanwhile, the discussion at the HUD has been centered around the development and *use of a stablecoin, a kind of token often pegged to a real life fiat currency like the US dollar,* which reduces its price swings. However, *there had been cases where some of these tokens depegged, dropping drastically*
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