Not the first to propose the idea (4/5)

Andrew Yang was one of the democratic frontrunners of the 2020 election. He’s known for some pretty non-traditional policies, including completely eliminating pennies: https://2020.yang2020.com/policies/no-pennies/

One of the most talked about aspects of his campaign was his push for a Universal Basic Income that would pay people $1000 a month regardless of their work status. Eventually, Yang said that this could be done through the use of a government stablecoin or Federal Reserve coin.

We’d prefer that if the government is going to get into crypto, they embrace the decentralized blockchains and not just start their own centralized coin, but most scholars believe a centralized blockchain is the most likely future for many governments. Darn..