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The U.S. Department of Housing and Urban Development (HUD) is exploring the feasibility of leveraging blockchain and stablecoins to perform some of its functions. The department, which oversees things like social housing, has discussed using blockchain to monitor grants. In addition, the department has explored the possibility of piloting the use of stablecoins to make payments to HUD-funded recipients, with initial plans to test it in one office, and if the results are good, it may be rolled out to more departments.