Miami-Dade Chair Proposes $FUSD Stable Token to Tackle Debt Crisis

The Miami-Dade County Cryptocurrency Task Force is taking a bold step towards addressing the region’s $400 million debt crisis by proposing the use of a stablecoin token, $FUSD. This proposal was backed by the Chair who aims to leverage the token’s financial stability for debt relief and streamline regulations surrounding digital assets. While a specific implementation strategy has not been disclosed publicly, this initiative represents a significant policy change in Miami-Dade County’s approach to managing its finances.