Circle Foundation, UNDP and WFP Launch Digital-Payments Initiatives

  • Circle Foundation awarded separate grants to UNDP and World Food Program USA.
  • WFP plans to test two to three payment corridors over three years.
  • UNDP reported that its Syria pilot reduced distribution costs from 10% to 2%.

Circle Foundation has awarded separate grants to the United Nations Development Programme and World Food Programme to examine whether digital payments, including regulated payment stablecoins, can speed aid delivery and lower costs. UNDP will establish a Digital Asset Innovation Pool to help country offices apply lessons from earlier payment pilots while maintaining established banking channels. WFP, through a grant to World Food Program USA, will develop governance, risk, treasury, reconciliation, compliance and local-provider integrations before testing two to three payment corridors over three years. Earlier UNDP projects reported lower distribution costs in Syria and continued payment processing during a cellular outage in Haiti. The initiatives extend Circle Foundation's work supporting United Nations financial infrastructure and are funded through Circle Internet Group's equity commitment.

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