Circle and Endaoment to create USDC-based disaster relief fund for communitie...
Yet another stablecoin philanthropy initiative launched by Circle during the past year. Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits.Via Endaoment, blockchain enthusiasts will be able to directly contribute USDC or other cryptos using connected wallets with a minimum donation of $20. The funds....
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The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market crash. Some downsized, while others filed for bankruptcy. Generally, the entire market felt the impact of the crypto winter, and […]
Circle, a USDC stablecoin issuer, is incorporating the use of Polygon USDC into its payment system. The organization stated this on Tuesday, June 7. As a result, operations on Circle APIs will now take a new dimension for developers. For example, integrating fiat currencies into Polygon USDC is now a simple task. Several emerging NFT […]
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology. Circle Reveals Polygon-Supported USDC Circle has revealed that usd coin (USDC) is now hosted on the Polygon network and the addition means USDC is now available via nine different blockchain networks. Polygon is a large crypto ecosystem with more than 19,000 decentralized applications (dapps)....
According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock In mid-April 2022, Circle detailed that the company entered an investment agreement with Blackrock Inc., Fin Capital, Fidelity Management and Research, and Marshall Wace LLP. The investment was a....
Various blockchain solutions are being used by organizations and enterprises to create efficiencies for U.S. disaster relief efforts. Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations and a slew of other issues impacting relief systems. The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on natural disasters between 2010–2019 than it did during 2000–2009. Data from Climate.gov further shows that 2021 was....