Circle Foundation funds UNDP, WFP stablecoin payment trials
Circle Foundation has announced two grants to help the United Nations Development Programme and World Food Programme test digital payments for development work and humanitarian aid. SummaryUNDP will create a Digital Asset Innovation Pool to help country offices use lessons from earlier payment pilots.WFP will test two to three country payment corridors over the next three years.The WFP grant will fund risk controls, payment records, compliance tools and links to local financial providers.Circle Foundations funding comes from an equity commitment by U.S.-listed Circle Internet Group. Circle Foundation said in its Sep. 25 announcement that the separate grants will help UNDP and WFP examine whether digital payments, including regulated payment stablecoins, can get funds to recipients faster and at lower cost. UNDP will focus on making payment methods tested in individual projects available to more country offices. WFP will build the controls needed to test stablecoin payments alongside local financial services. The grants fund different stages of that work. UNDP has already tested digital payment methods in several countries and will use its grant to support their use in regular programs. WFPs grant, made to World Food Program USA, will pay for systems and partnerships needed before it tests payments across two to three country









