Circle Foundation Backs UNDP and WFP Digital Payments Initiatives

Circle Foundation is supporting two initiatives led by the UNDP and the World Food Programme (WFP) to advance digital payments and financial infrastructure for development and humanitarian action. The announcement extends the Foundation's international grantmaking beyond its inaugural support for the UN's Digital Hub of Treasury Solutions (DHoTS), which UNDP also participates in.

• Circle Foundation's UN support is part of a push to modernize humanitarian and development money movement, including work toward regulated-stablecoin-based payments for aid programs.
• The UN system moves an estimated $38B in humanitarian funds annually over legacy financial rails, which Circle Foundation's grants aim to help modernize.