Circle Backs UN With Stablecoins to Fix $38B Aid System, Cutting Costs by Up to 20%
Key Takeaways:Circle’s Grant Targets the UN’s Financial BottlenecksHow Stablecoins Change Aid DeliveryUNHCR’s Blockchain Pilots Set the FoundationRegulated Stablecoins, Not Experimental CryptoTransparency Becomes a Default Feature
Visibility is one of the largest structural problems in global aid. Donors would like to see evidence that money is going to the right people whereas the agencies would like to have more resources to trace the flows across jurisdictions.
Systems based on blockchain transform that dynamic. The records are maintained in an unalterable manner which establishes a common source of truth among agencies, partners and auditors.
This would reduce reconciliation gaps, streamline reporting and enhance accountability at scale to the benefit of the UN. In the case of donors, it translates to a better understanding of the way every dollar is spent.
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