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Through Binance Charity, more than USD 4.5 million has already been donated, bringing the total amount to USD 7 million including the funding to the USA for UNHCR, it said
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USA for United Nations High Commissioner for Refugees (UNHCR), the UN refugee agency has accepted its first stablecoin crypto donation towards the organisation’s humanitarian support for families forced to flee Ukraine to neighbouring countries.
The USD 2.5 million donation was made by Binance Charity, a non-profit organisation. The BUSD donation is a further demonstration of how cryptocurrency is playing a key role in raising vital funds and providing humanitarian aid for the crisis in Ukraine.
According to the official statement, the donation will go towards providing humanitarian, legal and social assistance including psychosocial support and emergency shelter to people in need. More than 10 million people have already been displaced due to the crisis.
Four million people have found safety in neighbouring countries like Poland, Moldova, Romania and Hungary, while millions more have been forced from their homes but remain inside Ukraine, the statement added.
“Binance Charity’s commitment to the families fleeing the war in Ukraine shows the innovative philanthropic power of crypto in action. This generous support will make a life-changing difference for families forced to flee, and more importantly, it shows families that a caring and committed global community is stepping forward to help during their darkest times," said Anne-Marie Grey, Executive Director and CEO, USA for UNHCR.
Helen Hai, Head of Binance Charity, said, “Every day we see more casualties, more destruction, more lives lost. Our hearts ache for the people of Ukraine. We are proud that we’ve been able to work with UNHCR to deliver its first BUSD crypto donation. UNHCR’s tireless efforts and second-to-none experience in assisting refugees make them an obvious choice to support as part of our $10 million USD in crypto donations.”
UNHCR delivers assistance to communities inside Ukraine when it is safe to do so and is closely tracking negotiations for safe passage. UNHCR is providing cash assistance so families can purchase basics like food, rent and hygiene items and also deliver core relief items and emergency shelter. Additionally, teams inside Ukraine are setting up reception and transit points for internally displaced people and facilitating access to legal aid and psychosocial care.
Through Binance Charity, more than USD 4.5 million has already been donated, bringing the total amount to USD 7 million including the funding to the USA for UNHCR. The remaining USD 3 million USD donation is being finalised and will be announced shortly, it said.