The Catholic Church is stepping into the world of cryptocurrency with a new digital offering designed to support faith-based work and help people in need. The project, known as Catholic USD, shows how religion and modern financial technology are beginning to meet in practical ways.
Catholic USD is a type of cryptocurrency called a stablecoin. Unlike popular digital coins that rise and fall in value, a stablecoin is tied to a real-world asset. In this case, one Catholic USD is equal to one U.S. dollar. This design makes it more reliable and suitable for everyday use, especially for donations and payments. The goal is not speculation or fast profit, but service and stability.
The project is being promoted by businessman Eddie Cullen, who believes new technology should always put people first. He says financial systems often forget the poor, and Catholic USD is meant to change that. The stablecoin is designed to help parishes, Catholic schools, hospitals, and charities receive funds quickly and safely, even from other countries.
Because it uses blockchain technology, every transaction can be tracked and verified, helping ensure that donations are used for their intended purpose.
Supporters say this technology could make a big difference for Catholic organizations. Many donors already hold cryptocurrency, but converting it into traditional money can reduce how much they are able to give. If churches and charities can receive crypto directly, they may receive the full value of those gifts.
Some Catholic communities have already taken this step. For example, Benedictine nuns in Missouri learned how to use digital wallets so they could accept Bitcoin donations for building a chapel.
Catholic leaders and thinkers argue that the Church should not fear new technology. Matthew Pinto, a Catholic publisher and conference organizer, says the Church should approach innovation with hope, while also being careful and thoughtful. Others believe crypto can help people who are excluded from traditional banking systems, especially in poorer parts of the world.
Catholic USD also includes a charitable feature built into its structure. Any coins not being actively used will be placed in a yield-generating account. Instead of keeping the profits, the project plans to donate all earnings to a global Catholic charity fund. If the stablecoin grows widely, this could result in millions of dollars each year going toward poverty relief, education, and healthcare.
Beyond donations, the project highlights a deeper conversation about the morality of money. Some Catholic writers argue that decentralized digital currencies are more transparent and less open to corruption than traditional systems.
In the end, Catholic USD represents a new attempt to align modern finance with long-held moral values. It reflects a growing belief that technology, when guided by conscience, can be used to serve humanity rather than exploit it.
Digital landscape players like Bit Digital Inc. (NASDAQ: BTBT) will be pleased that the Catholic church is embracing crypto and playing a part in making it a mainstream participant in financial matters.
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