Coinbase Funded New York City Program Is Distributing $12K To 160 Households

A pilot program in New York City, funded by Coinbase and administered by the nonprofit GiveDirectly, is distributing $12,000 in USDC, s USD-pegged stablecoin, to 160 low-income young adults selected via lottery. The initiative, which launched around early October 2025, tests the use of cryptocurrency for unconditional basic income support, aiming to evaluate its potential

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