Circle Foundation supports the United Nations Development Programme and the World Food Programme, exploring the use of stablecoins for humanitarian aid payments.

TechFlow, September 25,

As part of this initiative, the Circle Foundation will fund the establishment and operation of the Digital Asset Innovation Pool by UNDP to transition regulated payment stablecoins from pilot programs to regular operations. Previously, UNDP has tested solutions such as digital cash payments, fund disbursement in low-connectivity environments, and mobile wallets in locations including Aleppo, Syria; Haiti; Guatemala; and The Gambia.

The Circle Foundation will also provide another grant to World Food Program USA to support WFP in building the governance, risk management, fund management, reconciliation, and compliance systems required for stablecoin payments, integrating them with local fintech and mobile payment networks. Over the next three years, WFP plans to test stablecoin payments across 2 to 3 national payment corridors to evaluate their cost, speed, transparency, and operational feasibility.