Circle has partnered with public charity Endaoment to create a disaster relief fund.
It has been reported that the fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits.
However, through Endaoment, blockchain enthusiasts will be able to directly contribute USDC or other cryptos using connected wallets with a minimum donation of $20.
The report said that the funds will be distributed in $20,000 intervals to seven participating charities, the Team Western Kentucky Tornado Relief Fund, Center for Disaster Philanthropy, Team Rubicon, All Hands and Hearts, Midwest Food Bank NFP, American Red Cross, and Mutual Aid Relief. As of December 16, the fund has received over $4,600 in donations.
Robert Heeger, the founder and CEO of Endaoment, said:
"It is through incredible partners like Circle that we have been able to grant more than $11 million worth of donations to nearly 300 nonprofits this year. With Circle's support, we can expand our reach and continue to empower the community to allocate charitable gifts to causes in need of funding autonomously."
Thus, an unusual cluster of tornadoes swept across the US Midwestern and Southern states the week prior, with wind speeds reaching as high s 150 mph (241.4 km/h). Kentucky was one of the hardest-hit states, with at least 74 fatalities and more than 100 missing persons still accounted for.