Circle Foundation, a philanthropic initiative backed by Circle Internet Group, has announced two grants to support digital payments for development and humanitarian aid. The funding will help the United Nations Development Programme (UNDP) and the World Food Programme (WFP) explore regulated stablecoin payments and improve financial infrastructure.
UNDP will use the grant to establish the Digital Asset Innovation Pool, a mechanism for using regulated stablecoins in development programmes. The initiative builds on earlier pilots in Syria, Haiti, Guatemala, and The Gambia, which tested digital cash payments, mobile wallets, and other payment solutions. The new programme will help UNDP offices move from pilot projects to regular operations.
cryptonews.net