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The United Nations has embarked on a reboot of its financial systems, deciding to review the principles of allocating more than $38 billion allocated annually for humanitarian purposes. Circle, a fintech company known for its USDC stablecoin, joined this large-scale project. Circle has awarded a grant to create a specialized DHoTS (Digital Hub of Treasury Solutions) platform within the United Nations.

The main objective of this initiative is to make money transfers, both internal and external, more efficient. The current system has long been criticized for high fees, delays in making payments, difficulties in tracking the movement of funds, and general lack of transparency.

The use of blockchain and digital assets linked to stable currencies is considered as a solution to these problems. Circle says that their technology can reduce the operational costs of providing assistance by about 20%, which will allow more funds to be directed directly to the implementation of programs.

The representative of the United Nations Development Program, Alexander De Croo, at the Davos forum confirmed the importance of this area, stressing that it is necessary to maximize the return on every dollar in conditions of limited funding.

The cooperation between the UN and Circle is an important moment. This is not just an experiment, but a conscious decision by the world's most conservative organization in favor of digital finance. The problems that stablecoins solve – speed, transparency, accountability, and cost – are not just small things, but serious risks that hinder humanitarian activities.