The power of crypto philanthropy has taken center stage as Ethereum leads the charge in contributions to Save the Children’s HODL Hope Campaign, representing a staggering 50% of the total crypto donations received. Alongside Ethereum, Bitcoin stands as a significant contributor, constituting 34% of the donations received thus far.
This ongoing campaign, striving to enhance the lives of children worldwide, has amassed an impressive $7.6 million in donations. Within this sum, Ethereum alone has accounted for a substantial $3.83 million, underscoring the crypto community’s commitment to this cause.
Bitcoin, a stalwart in the crypto realm, has made substantial contributions, amassing over $2.6 million. Additionally, the emergence of USD Coin (USDC), a stablecoin tethered to the U.S. dollar issued by Circle, has marked its presence as a preferred medium for crypto-based philanthropy, representing 7% of donations, equivalent to nearly $520,000.
Beyond these primary contributors, various altcoins including Bitcoin Cash, Tezos, ThunderCore, Tether, Litecoin, and Solana have also joined the philanthropic wave, contributing to the global effort.
Remarkably, communities like Own The Doge (DOG) and PleasrDAO have risen to prominence on the donor leaderboard, making substantial contributions to the tune of 291.16 ETH, equivalent to over $1 million. Notably, donors have the choice to remain anonymous and opt out of being featured on the leaderboard.
The seamless transfer of funds across borders has widened the scope of participation in philanthropic endeavors for global causes. Recently, the Singapore Red Cross, in collaboration with Triple-A, initiated acceptance of crypto donations, embracing BTC, ETH, USDT, and USDC. Benjamin William, the Secretary General and CEO of the Singapore Red Cross, highlighted, “By accepting digital currencies, we open doors to a new segment of tech-savvy donors eager to make a meaningful impact through their digital assets.”
This trend underscores the evolving landscape of charitable contributions, leveraging the growing influence and accessibility of cryptocurrencies to effect positive change on a global scale.
