Circle Foundation Supports UN Stablecoin Humanitarian Aid Pilots

The Circle Foundation has awarded grants to the United Nations Development Programme (UNDP) and the World Food Programme (WFP) to explore the use of regulated stablecoins in humanitarian aid. The UNDP will establish a Digital Asset Innovation Pool to integrate digital payments into development programs, focusing on regulatory compliance and local financial system integration. Meanwhile, the WFP will conduct a three-year study testing stablecoin payment corridors to improve the efficiency, cost-effectiveness, and transparency of aid distribution.