Circle CEO Jeremy Allaire has voiced his support for the US government to implement programmable digital dollars (stablecoins) and smart contracts in order to ensure transparency in government funding. His comments come in response to recent allegations made by Elon Musk regarding discrepancies among Treasury officials in handling government funds. The idea of putting the Treasury on the blockchain to prevent such discrepancies was also suggested by journalist Mario Nawfal. Allaire's suggestion for a programmable digital dollar and smart contracts comes at a time when there is ongoing debate about the use of stablecoins and blockchain technology in government funding operations. Circle's USDC and Tether's USDT are two prominent stablecoins that could address the funding inefficiencies of the US Treasury.



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