{"id":53101,"date":"2021-11-18T12:42:32","date_gmt":"2021-11-18T10:42:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53101"},"modified":"2025-09-03T13:20:28","modified_gmt":"2025-09-03T10:20:28","slug":"circle-launches-usdc-initiative-aimed-at-women-and-minorities","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/circle-launches-usdc-initiative-aimed-at-women-and-minorities\/","title":{"rendered":"Circle launches USDC initiative aimed at women and minorities"},"content":{"rendered":"<p>The cryptocurrency company Circle has unveiled an initiative aimed at engaging underserved social groups in digital finance, often left out of the United States&#8217; traditional financial system.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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 Impact<a href=\"https:\/\/t.co\/0qgc3KMKuv\">https:\/\/t.co\/0qgc3KMKuv<\/a><\/p>\n<p>\u2014 Jeremy Allaire \u2014 jda.eth \/ jdallaire.sol (@jerallaire) <a href=\"https:\/\/twitter.com\/jerallaire\/status\/1460972726907244544?ref_src=twsrc%5Etfw\">November 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>According to the company, Circle Impact will comprise four core areas:<\/p>\n<ul class=\"wp-block-list\">\n<li>allocating a portion of the fiat backing of the USD Coin (USDC) among depository institutions owned by ethnic minorities and local banks, with a long-term aim to reach billions of dollars.<\/li>\n<li>launch on SeedInvest, a crowdfunding platform, a program to fund startups led by women and minority founders.<\/li>\n<li>ramping up digital-finance literacy efforts in collaboration with colleges and universities that historically serve Black communities.<\/li>\n<li>creating a task force to spur public-private partnerships to enable payments using USDC.<\/li>\n<\/ul>\n<p>Earlier, the company <a href=\"https:\/\/u1f987.com\/en\/news\/circle-launches-fund-to-invest-in-attractive-crypto-projects\">Circle Ventures<\/a> launched a venture fund to support early-stage blockchain and cryptocurrency projects.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency company Circle has unveiled an initiative aimed at engaging underserved communities in digital finance, often left out of the United States&#8217; traditional financial system.<\/p>\n","protected":false},"author":1,"featured_media":53102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,910],"class_list":["post-53101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53101"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53101\/revisions"}],"predecessor-version":[{"id":53103,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53101\/revisions\/53103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53102"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}