According to Business Insider, the nonprofit organization GiveDirectly has launched a crypto-based 'basic income' pilot program in New York. 160 residents will receive a total of $12,000 USDC over 5 months, funded by donations from Coinbase. Starting in September, participants receive $800 in stablecoins monthly and a one-time payment of $8,000 in November. The project targets low-income communities like South Bronx and East Harlem, aiming to test whether large lump-sum payments better stimulate spending or investment. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52372