Company
Date Published
Author
Dante Disparte
Word count
731
Language
English
Hacker News points
None

Summary

Circle Internet Financial, founded in 2013 with the vision of utilizing public blockchains and digital currencies to create a more open and efficient global economic system, has announced the launch of Circle Impact, an initiative aimed at enhancing financial inclusion, digital literacy, and humanitarian response. Circle Impact seeks to address disparities in the traditional financial system by allocating USD Coin reserves to minority-owned depository institutions and community banks, promoting funding for startups led by women and minorities through its SeedInvest platform, and fostering digital finance literacy in collaboration with Historically Black Colleges and Universities. Additionally, Circle is focused on accelerating the development of blockchain projects via Circle Ventures and establishing rapid response teams to enhance humanitarian efforts globally. These initiatives are part of Circle's broader Environmental, Social, and Governance (ESG) goals to improve economic prospects and ensure that the benefits of the digital financial revolution are accessible to all. As Circle continues to grow, it commits to annual impact reporting to measure progress and plans to engage with key stakeholders and partners to further its mission of raising global economic prosperity.