Circle has launched digital initiatives for women and minorities

The company plans to involve as many people as possible in the cryptocurrency industry

19.11.2021 - 07:15

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What’s new? The Circle company, the issuer of the USDC stablecoin, has announced the launching of a new initiative to involve women and ethnic minorities in the world of digital finance. It is reported on the official Twitter account.

1/ Today, we announced our plan to direct billions of dollars of USDC reserves to Community Banks and Minority Depository Institutions (MDIs) throughout the United States. This program is part of a broader initiative we announced today, Circle Impacthttps://t.co/0qgc3KMKuv— Jeremy Allaire (@jerallaire) November 17, 2021

What programs are provided? According to the release, funds in the amount of billions of USDC will be distributed in 4 main areas:

Direct transfers to the accounts of ethnic minority depository institutions and local banks.
A startup financing program with female executives.
Improving digital asset literacy in educational institutions.
Developing public-private partnerships to introduce payments using stablecoin.

The support program is called Circle Impact and will be launched shortly, the company said.

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