The UN Refugee Agency (UNHCR) has received a generous amount of BUSD from Binance’s Charity organization to support Ukrainians in need of humanitarian support.
Binance has been one of the leading supporters of war-torn Ukraine, with an initial $16M donation, and the launch of the Ukraine Emergency Relief Fund.
According to the official news report, the UN Refugee Agency, which helps those who were forced to escape war conflict-ridden areas, has accepted its first crypto donation - $2.5M worth of Binance’s stable coin BUSD.
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With the donation, the United Nations High Commissioner for Refugees will allocate basic needs to families who have just escaped Ukraine and are in need of assistance in terms of food, shelter, medical and psychological support.
In fact, the agency helps ensure that Ukrainian refugees are safely transported to neighboring countries and establishes Blue Dot support hubs so families receive critical information and a safe environment before they move into the life of other countries.
Executive Director and CEO of USA for UNHCR Marie Grey spoke on Binance’s immense efforts to support Ukrainians, stating:
"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."
Binance’s Ukraine Emergency Relief Fund has raised almost $12.1 million in crypto, with over $7M of the funds already sent to local non-governmental organizations and support groups.
