Company
Date Published
Author
Mercina Tillemann Perez
Word count
1075
Language
English
Hacker News points
None

Summary

Circle Internet Financial has launched Circle Impact, an initiative focused on cultivating financial inclusion, driving digital and financial literacy, and powering humanitarian aid and disaster relief through the use of digital assets like USDC. A key component of this initiative is Circle U, a digital financial literacy curriculum introduced at partner Historically Black Colleges and Universities (HBCUs) to expand financial inclusion. Circle has pledged to allocate USDC reserves to Minority-owned Depository Institutions (MDIs) and Community Banks to strengthen their financial stability and support underserved communities. Additionally, Circle Impact supports underrepresented founders with funding opportunities and has partnered with Rhodes Business School in South Africa to enhance digital financial literacy. The initiative also leverages stablecoins in humanitarian efforts, enabling more efficient and transparent aid distribution in crisis areas such as Venezuela, Ukraine, and Afghanistan. Circle Impact aims to foster an inclusive and sustainable financial ecosystem by collaborating with global partners and improving transaction efficiency with USDC.