The State is a Bank

https://www2.illinois.gov/sites/doit/Strategy/Documents/BlockchainTaskForceFinalReport020518.pdf

The answer is “the state is now a bank” and as it controls the price floor and the amount in circulation it can control the market price.

The price is whatever the state wants it to be.

If tokenized, the benefits would definitely be traded in the open (although perhaps black) market. There’s already a black market for food stamps

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