Crypto for Stimulus: A Better Way to Move Money During COVID-19
summary
Argues the U.S. should send stimulus via stablecoins and shows how that would work using BUSD: NYDFS-approved, custodied at Paxos with 1:1 USD backing, with demand that rose tenfold in March. Details include BitPay and corporate acceptance, reserve-yield pressure as rates hit zero, and operational facts — Binance US launches an OTC desk for trades over $10,000, operates in 37 states with 13 states pending — positioning crypto rails as a faster delivery channel.
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