Circle and Endaoment Launch USDC Disaster Relief Fund

Briefly:

  • 10 December six states in America were affected by strong tornadoes
  • Circle and Endaoment set up a joint fund to fund disaster relief
  • It is organized on the basis of USDC stablecoin
  • The first million dollars will be received by the US Red Cross branch and a number of other non-profit organizations
  • You can make a donation both in the crypt and in the fiat shaft utah

11 December Circle announced a joint project with Endaoment. The partners organized a charitable foundation based on the USDC stablecoin to help victims of floods, tornadoes, tsunamis and hurricanes.

First proceeds will go to American communities in the Midwest. Last Friday, 10 December, the region was severely affected by the natural disaster.

At the initial stage, the company expects to raise about a million dollars. This money will be donated to the American branch of the Red Cross and a number of other charities.

Circle will fundraise and Endaoment will provide a platform for storing and distributing the funds.

At the same time, Circle Impact is designed for the long term and is part of the company’s global philanthropic program launched last year.

Anyone can donate. The minimum amount is 22 dollars. At the same time, the platform accepts not only USDC, but also some other types of digital assets, as well as fiat currencies.

Endaoment founder Robert Heeger commented on the initiative:

“This year we were able to collect about 11 million dollars. This amount was donated to three hundred charitable organizations. Only thanks to our partners from Circle can we continue to expand our capabilities in this direction. ”

What happened in the USA?

Last Friday, December, a storm front hit most of the US Midwest. Meteorologists recorded the appearance of at least tornado. Six states were hit by the natural disaster. More than More severity.

Most victims in Kentucky. When the storm hit the state, people were trapped in a candle factory in the city of Mayfield. Only was saved.

Read also: Circle has set up a blockchain venture fund.

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