Overview
– Miami-Dade County proposes using appreciating stablecoin $FUSD to tackle $400M debt via crypto-driven fiscal policy.
– $FUSD combines overcollateralization with algorithmic market-making, aiming to generate yield while maintaining $1 peg.
– Risks include ZANO volatility, untested algorithmic bots, and precedents like Fantom’s fUSD collapse, raising governance and regulatory concerns.
– Strategy hinges on tokenizing $1B in assets but lacks technical details, sparking debates over innovation versus speculative financial engineering.
ainvest.com
by Riley Serkin
Sunday, Sep 7, 2025 6:41 am ET