Recall that the Great Recession of 2009 involved volatility in the housing market. If Bitcoin collapses, US Treasury funds are invested in a strategic Bitcoin reserve, and the Russians cash out their Bitcoin first…
Reposted from
ProPublica
NEW: The Department of Housing and Urban Development, which oversees billions in aid and insures more than a trillion dollars in mortgages, is pondering using the blockchain and a stablecoin.
One HUD official derided it as “monopoly money.”
By @jessecoburn.bsky.social
One HUD official derided it as “monopoly money.”
By @jessecoburn.bsky.social
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