Blockchain

Circle and Endaoment will create a USDC-based disaster relief fund for communities affected by the deadly tornado

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Circle, Company created This USDC Stablecoins, Announce Create a disaster relief fund in cooperation with Endaoment, a public charity. The fund will help communities in the Midwestern United States affected by the deadly tornado last week. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profit organizations.

Through Endaoment, blockchain enthusiasts will be able to Direct contribution Use USDC or other cryptocurrencies connected to the wallet, with a minimum donation of 20 USD. These funds will be distributed to seven participating charities at intervals of $20,000, namely Western Kentucky Tornado Relief Fund, Disaster Charity Center, Rubicon, All Hands and Hearts, Midwest Food Bank NFP, American Red Cross and Mutual Aid Relief society. At the time of publication, the fund had received more than US$4,600 in donations.

Robert Heeger, the founder and CEO of Endaoment, expressed the following views on this cooperation:

“Through incredible partners like Circle, we were able to provide more than $11 million in donations to nearly 300 non-profit organizations this year. With Circle’s support, we can expand our reach and continue to empower the community to The distribution of charitable gifts to the cause requires independent financing.”

A week ago, an unusual tornado swept through the Midwest and southern states of the United States with wind speeds as high as 150 mph (241.4 km/h). Kentucky is one of the hardest-hit states, with at least 74 people still dead and more than 100 missing.