Empowering people and communities with blockchain technology

In the height of the pandemic, front-line medical workers in Venezuela lacked access to critical medical supplies and equipment while suffering from the impacts of hyperinflation, international isolation and sanctions, and economic collapse.

In collaboration with the Bolivarian Republic of Venezuela and U.S.-based fintech innovator Airtm, and in coordination with the U.S. government, Circle was able to put in place an aid disbursement pipeline that leveraged the power of USDC to bypass the controls imposed by Maduro over the domestic financial system, and put millions of dollars of funds into the hands of healthcare workers fighting for the health and safety of the people of Venezuela.

For millions of individuals and families, the ability to send and receive money between the U.S. and Mexico is a lifeline. In 2020 alone, cross-border remittances increased 10% – reaching over $40B. Yet despite the vital importance of remittances, traditional methods of sending and receiving money are slow and expensive. Circle’s APIs + USDC + Bitso (the largest crypto exchange in Latin America) are making it easier, faster and more secure for Mexican residents to send and receive cross-border payments using blockchain technology.