Coinbase has funded a guaranteed-income experiment. It will deliver $12,000 in USDC stablecoins to 160 residents aged 18 to 30.
The initiative, run by the nonprofit GiveDirectly. It aims to explore whether digital currency can provide tangible benefits similar to traditional cash transfers. Let’s discover more about Coinbase.
How Future First Works
According to Bloomberg, the program, called Future First, distributes funds through Coinbase wallets. Each participant receives a large $8,000 lump sum followed by five smaller installments of $800. This structure is designed to allow recipients to make significant financial decisions. For example, paying security deposits, covering tuition, or investing in tools for work.
Unlike long-term guaranteed-income trials that send small payments over months or years, Future First offers immediate liquidity while also encouraging participants to experiment with digital assets. Recipients can spend USDC, store it in their wallets, or use linked debit cards for everyday purchases. This approach raises important questions about usability, risk, and the potential for speculative behavior, as stablecoins are typically less volatile than other cryptocurrencies but still operate in a digital financial ecosystem.
“The GiveDirectly-Coinbase collaboration promises to test something new. Instead of meting out recurring payments over a long period of time, the NYC pilot is giving participants one large $8,000 lump sum, along with five smaller deposits of $800.
GiveDirectly believes that… pic.twitter.com/RTDHCmnXaU
— GiveDirectly💸 (@GiveDirectly) October 1, 2025
This pilot is seeded with $2.6 million redirected from a previous Coinbase initiative that was discontinued. Darin Carter, who oversees U.S. policy and grassroots advocacy at Coinbase, told Bloomberg that the program is meant to provide both financial support and crypto education.
More About Coinbase
Coinbase Derivatives is set to launch $SUI Futures on October 20, expanding its growing suite of futures products. This new offering gives traders more options, deeper liquidity, and enhanced access to emerging digital assets, allowing both retail and institutional participants to hedge, speculate, or gain exposure to $SUI in a regulated environment.
$SUI Futures are coming to Coinbase Derivatives.
Launching October 20.
The latest addition in our expanding suite of futures products, giving traders more choice, deeper liquidity, and greater access to emerging digital assets. pic.twitter.com/N5WQy1tMmf
— Coinbase Institutional 🛡️ (@CoinbaseInsto) September 29, 2025
The addition reflects Coinbase’s commitment to broadening derivative markets while supporting the growth of promising blockchain ecosystems.
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The post $12,000 Crypto Aid for New Yorkers via GiveDirectly, Coinbase appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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