Chairman Elijah John Bowdre of Miami-Dade County’s Cryptocurrency Task Force has voiced strong support for the $FUSD appreciating stablecoin, believing it could potentially solve the county’s pressing debt crisis. This comes as Miami actively embraces crypto within its municipal operations, from accepting crypto taxes and salaries to exploring blockchain-based public services. Chairman Bowdre highlights $FUSD’s unique tokenomics – designed for both stability and appreciation – aligning perfectly with the city’s vision of a resilient, long-term financial future. The chairman stressed that the token offers citizens and institutions dependable value growth through its dynamic upward price mechanism.
Launched in July 2025 by FUSD Crypto under The CMC Group’s dual-token ecosystem, $FUSD seeks to address the current debt crisis through innovative digital asset solutions. Bowdre suggests leveraging yield-bearing assets like $FUSD to potentially raise a billion dollars in funding and reduce Miami’s deficit. This strategy could also boost income for the state itself, resulting in improved life quality for its citizens.
Chairman Bowdre’s endorsement of $FUSD reflects his commitment to stability and alignment with municipal goals in utilizing blockchain technologies for long-term fiscal health. His leadership positions Miami as a global leader in community-driven crypto policy.