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    1. coinfeeds-bot on

      tldr; Coinbase, in partnership with the non-profit GiveDirectly, is launching a pilot program called ‚Future First‘ to provide $12,000 in USDC to 160 low-income New Yorkers aged 18-30. The funds will be distributed in six installments, starting with $8,000 upfront and five monthly payments of $800. The initiative aims to alleviate poverty, educate participants on managing stablecoins, and expand access to digital financial tools. This marks the first U.S. program to distribute cryptocurrency as financial aid, funded and facilitated by Coinbase.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. In all honesty this is no shade to the low income, I am a hourly worker.

      They’re going to figure out how to cash it out and look at it as free money and move on with their busy hard life.

      It’s a nice gesture though.

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