Hurricane Dorian relief is to receive one million ($1M) dollars Tether, the creators of the USTD stablecoin.
The category five (5) hurricane left the lands devastated wherever it has made a turn. The hurricane was said to be one of the most powerful storms to have hit land anywhere in Atlantic. The Bitcoin assistance project has made efforts to help the hurricane victims get past difficult times as well.
Cryptocurrency exchanges as Coinbase and Bitpay played a vital role in helping the souls that had seen death face to face and yet lived to tell the tale.
The stablecoin company urges its consumers to help those stricken with grief by any means necessary- be it with crypto-or fiat but the preferable method here would be to donate fiat for the Bahamian communities.
Efforts against hurricane Dorian are bearing fruit
Ultimately, the donations will be given to Deltec Cares which is a non-profitable charity organization working for the betterment of those that have experienced the devastation caused by the hurricane in the Bahamas.
Tether has given a description of the organization responsible for allocating the funds to the hurricane-hit areas as a non-profit handle of the Deltec International Group that will be working for the welfare of those that have lived through the damage that Hurricane Dorian has caused in order to build and re-build for humanity.
Cryptocurrency can be transferred Tether’s relief accounts via the addresses given here. Tether has called in on the crypto community to lend a hand to the people of Bahamas. One hash address is for Bitcoin transactions- that is, using the Omni layer. The other address is for Ethereum holders to make transactions on.
Like the Bitcoin assistance project or the save the Amazons project, this can be seen as another attempt at making blockchain a practical solution for mass consumption by employing it to be the medium for moving funds between the givers to those who will be serving humanity.