HBAR Price Slips Amid Unverified USDOT Adoption Claims

The price of HBAR slipped by 2% after speculation about its potential adoption by the US Department of Transportation (USDOT) failed to materialize into concrete news.

Rumors circulated on social media that USDOT would integrate Hedera, with some claims suggesting it was being used for payment and settlements on over 300 million vehicles.

However, a closer look at the source of these claims reveals that they are based on a patent application filed by a USDOT official. The application proposes a nationwide system for paying taxes while traveling long distances and mentions Hedera as one possible technology to enable payments.

This is where the problem lies - the patent application does not confirm that USDOT has chosen or deployed the network. In fact, neither USDOT nor Hedera have made any official announcement regarding integration.