Miami-Dade Cryptocurrency Chair Supports $FUSD Appreciating Stable Token to possibly Address $400M Miami Debt Crisis
London, UK, September 6th, 2025, Chainwire
Miami-Dade County Cryptocurrency Chairman Backs The $FUSD Appreciating Stable Token as A Possible Solution to the $400 Million Miami Debt Crisis
Chairman Elijah John Bowdre of the Miami-Dade County Cryptocurrency Task Force today publicly announced his support for the appreciating stable token $FUSD, as a possible vehicle to reduce government debt, developed by FUSD Crypto under The CMC Group’s dual-token ecosystem.
As Miami continues to lead the charge in municipal crypto adoption, Chairman Bowdre emphasised how $FUSD’s unique tokenomics – designed for both stability and appreciation – align with the city’s vision for resilient, long-term financial innovation.
“Miami is charting the course for the future of digital assets, and $FUSD is a token that truly stands out,” stated Chairman Bowdre. “It’s appreciating stablecoin model offers citizens and institutions a dependable store of value that only grows in worth over time.”
About $FUSD
$FUSD is an appreciating stable token created to maintain a steady store of value while gradually increasing in net worth through a dynamic upward-price mechanism. Purchases and sales trigger minting and burning, respectively, paired with a modest tax structure that reinvests into liquidity, ensuring continuous value growth for token holders.
Launched in July 2025 by FUSD Crypto, $FUSD is part of a dual-token architecture alongside $FUST, which serves as the utility and growth engine in the protocol’s ecosystem.
Why This Matters for Miami’s Crypto Agenda
Under Chairman Bowdre’s leadership, Miami has become a blueprint for integrating cryptocurrency into municipal operations – from accepting crypto for taxes and employee salaries to piloting blockchain-based public services.
When asked how yield-bearing digital assets could reduce government debt, Chairman Bowdre states, “Unlike other stablecoins like USDC, USDT, or USD1 that are all subject to the same effects of dollar inflation, a yield-bearing digital asset can offer far more growth potential and therefore mitigate any long-term losses caused by global inflation”.
With Miami’s current $400 million deficit crisis, currently forcing government officials to consider cutbacks that will negatively impact the local community and county as a whole, Chairman Bowdre has suggested the possibility of raising $1 Billion by tokenising public debt, and using yield-bearing assets such as $FUSD to do this. By utilising yield baring assets, it not only offers the potential of reducing county debt, but equally offers the potential of increasing the income generated by the state itself, and therefore will filter back to creating a better quality of life for Miami citizens.
His support of $FUSD underscores:
- Commitment to stability – Patrols volatility in favour of measured, sustainable token models.
- Alignment with municipal goals – Embracing technologies that support long-term fiscal health.
- Global leadership – Reinforcing Miami’s role as a vanguard city for community-driven crypto policy.
Quote from Chairman Bowdre
“As Miami’s most forward-looking crypto public official, my mission is to ensure our city embraces innovation without compromising financial responsibility. $FUSD’s appreciating stable token model offers the best of both worlds, stability and growth. That’s the kind of future-proof solution we’re backing.”
About Chairman Elijah John Bowdre
Elijah John Bowdre is the Chairman of the Miami-Dade County Cryptocurrency Task Force and the Executive Director of the Miami-Dade Digital Commission. He is recognised as the highest-ranking crypto public official in the U.S., having authored Florida’s first blockchain bill, spearheaded Miami’s crypto-payment policy, and furthered global blockchain dialogues through initiatives like international crypto delegations.
About FUSD Crypto / The CMC Group
FUSD Crypto (fusdcrypto.com), a division of The CMC Group, founded by Nathan Hill and Colin Woolley, is behind the innovative $FUSD token and its companion token, $FUST. Their dual-token system aims to redefine digital value by blending appreciating stability with expansive utility and growth potential.
About the Miami-Dade County Cryptocurrency Task Force
Established via Resolution R-455-21, the Task Force was formed to assess the feasibility of using cryptocurrency for county payments and services. Chaired by Elijah Bowdre, the Task Force has engaged with blockchain leaders across the U.S., including in Wyoming, to craft sound, forward-thinking public policy.