Circle, the issuer of the USDC stablecoin, will set aside a share of USDC reserves to support minorities and women and support humanitarian efforts.
Circle has launched a new initiative to support all these efforts. Dante Disparte, the company’s CSO and head of global policy, announced the initiative.
Circle stated that the “Circle Impact” initiative will allocate USDC reserves to underrepresented Minority Depositories (MDIs) and various community banks.
The company will also create several programs to facilitate the financing of women and minority-led startups through the SeedInvest platform.
The initiative will also create a digital financial literacy program in partnership with Historically Black Colleges and Universities (HBCU) in the US.
Finally, the program will set up a “rapid response team” to assist relief, development and humanitarian responses around the world.
Circle CEO Jeremy Allaire used the following statements in the post: