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Circle Teams Up With UN to Modernize $38 Billion in Global Aid Transfers
Key Takeaways
- Circle Foundation will fund the UN’s DHoTS platform to modernize aid transfers and improve transparency across global agencies;
- The initiative aims to cut handling costs, speed up fund delivery, and strengthen recordkeeping for $38 billion in annual aid flows;
- The grant supports stablecoin and AI tools to make humanitarian finance faster and more accountable.
The Circle Foundation will support the United Nations Digital Hub of Treasury Solutions (DHoTS) to accelerate the flow of aid funds across the UN ecosystem.
According to a press release, this offer was presented during a World Economic Forum session in Davos. Legacy systems that handle over $38 billion in aid each year often lag and add costs.
This is not the first time Circle worked with the refugee agency. In 2022, they used USDC
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The new grant's goal is to improve the DHoTS platform's ability to send funds more quickly, improve recordkeeping, and reduce overhead. It marks the Circle Foundation's first global initiative, backed by a 1% equity pledge from Circle Internet Group, Inc.
The Circle Foundation's donation will support upgrades in payment infrastructure across UN bodies. It is designed to reduce handling costs and provide clearer logs, so donors know how their funds are spent.
Funds will go toward modern tools that let agencies access global banking systems more quickly and reliably.
Elisabeth Carpenter, Founding Chair of Circle Foundation, stated, "By helping DHoTS integrate digital financial infrastructure, including regulated stablecoins with embedded regulatory financial risk management, compliance, and integrated AI-enabled controls, we can help make aid faster, more transparent, and more accountable across the entire UN system".
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