Circle established a charitable foundation, using equity commitments to leverage financial inclusion.

[Chain News] Circle has made a big move - officially established the Circle Foundation.

This foundation is not a casual endeavor. The initial funding comes directly from Circle's “Pledge 1%” equity commitment, with a clear goal: to make financial services accessible to more ordinary people and small businesses.

How to do it specifically? Two main lines.

In the United States, they are focusing on the survival difficulties of small businesses. The plan is to provide financial support to those small businesses that are not favored by traditional banks by funding Community Development Financial Institutions (CDFIs). In simple terms, it is about helping the small business owners in the community access more funding channels.

More ambitious on an international level - to transform the financial infrastructure of humanitarian aid. This means that when disasters occur, relief funds can be delivered more quickly and transparently to those in need.

Finally, there are companies in the Web3 space that are starting to take social responsibility seriously.