Circle’s Global Impact Report Showcases Financial Inclusion Utility of USDC

Use cases indicate how USDC and open-source innovations are transforming aid delivery, remittances, and more

New York, NY – September 24, 2024 — Circle, a global financial technology firm, is proud to unveil its first Global Impact Report on the grounds of the United Nations. Examples in the report demonstrate the inherent power of open blockchain-based financial infrastructure to transform aid delivery and remittances for humanitarian organizations.

Through Circle Impact, Circle’s initiative to help create a more inclusive financial system, Circle is able to collaborate with a growing network of global partners to redefine financial access and aid distribution.

“We are dedicated to empowering those often left behind by traditional financial systems with Circle’s technologies and infrastructure,” said Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle. “The Global Impact Report brings to life Circle’s mission of raising global economic prosperity through the frictionless exchange of value, marking significant progress towards a more open financial system.”

The report details the achievements of Circle Impact over the past year and provides meaningful examples of collaborations that are driving greater financial inclusion and USDC utility for humanitarian organizations, including Airtm¹ and Ensuro².

“Since Circle Impact’s inception at the end of 2021, we have been honored to cultivate partnerships, spearhead initiatives, and most crucially, deliver tangible outcomes as highlighted in our inaugural Global Impact Report,” said Mercina Tillemann Perez, Vice President, Circle Impact at Circle. “We're committed to advancing this vital work and expanding the community of visionary organizations that leverage Circle's open-source technology to create transformative solutions.”

The Global Impact Report also features winners and finalists from the Unlocking Impact pitch competition, an ongoing series that helps identify and support early-stage projects aligned with Circle’s goal to enable rapid, corruption-resistant humanitarian assistance globally. From Nepal and South Africa to Bermuda, Haiti, and Switzerland, forward-thinking companies are mobilizing to deliver fast, cost-effective, and transparent solutions that empower local communities:

• Kura is leveraging USDC to significantly reduce the cost of remittances and create operational efficiency for large donor organizations, making it safer to send money and easier to disburse aid abroad. With 75% of remittances and foreign aid used for essentials like food, healthcare, education, and bill payments, the cost savings translate into substantial purchasing power for underserved populations in emerging markets.

• Goodwall, a nextgen talent community with nearly 3 million members, has made USDC their default in-app currency. Goodwall incentivizes its global youth community by awarding USDC in return for activities, such as cleaning beaches or planting trees. These activities positively impact the environment and society while driving financial inclusion and literacy.

The full Global Impact Report is available here. The Unlocking Impact Pitch competition returns to Washington DC on October 21. Innovators may apply here.

¹ Circle Ventures, an affiliate of Circle Internet Financial, LLC, has invested in Airtm.

² In April 2024, Ensuro won Circle’s Unlocking Impact pitch competition in Washington, DC.