Circle Foundation Partners with UNDP and WFP to Launch Stablecoin Aid Payment Grant Program

Odaily News: Circle Foundation, the philanthropic arm of Circle Internet Group, has announced the launch of two grant programs in partnership with the United Nations Development Programme (UNDP) and the World Food Programme (WFP) to explore the use of regulated stablecoins and digital financial infrastructure for international development and humanitarian aid payments.

Circle Foundation will fund UNDP in establishing a Digital Asset Innovation Pool to support its country offices in scaling regulated stablecoin payments from local pilots to full project delivery. The mechanism is designed to complement traditional banking systems.

Another grant awarded to World Food Program USA will support WFP in building governance, risk, compliance, and fund reconciliation frameworks for digital asset distribution. WFP plans to test stablecoin payment channels in 2 to 3 countries over the next three years and conduct independent research to establish benchmarks for speed, efficiency, and cost. (Bitcoin.com News)