Elon Musk encourages the use of DOGE coins instead of CENT.
The United States Department of Government Efficiency is working on using $DOGE coins instead of cents.
The U.S. Mint said in its fiscal 2024 annual report that the U.S. penny costs about 3.7 cents to produce and distribute, a 20% increase in cost from the previous year.
The U.S. government is projected to save approximately $200 million per year.
The Canadian government got rid of coins more than a decade ago.
We will see what decision the US government will make in the coming period.