Fundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians

A brand new fundraising platform whose goal is to assist to boost funds for Ukrainians and the Ukraine army just lately claimed to have raised 2 million of the stablecoin tether. Some of the donated crypto property have been despatched to the Ukrainian military and to a humanitarian fund that funds volunteers.

Ukraine’s Crypto Donations

Whitepay, a fundraising platform that seeks to help Ukrainian civilians and the nation’s army forces, just lately mentioned it had raised 2 million USDT. According to a tweet posted by the fund on March 6, a number of the USDT has since been transferred to the Ukrainian Army to cater to its medical wants. Some of the funds have been transferred to the humanitarian fund that funds the volunteers.

The announcement by Whitepay, which was based by the Estonian cryptocurrency trade Whitebit and a Ukrainian fintech and crypto entrepreneur, Gleb Udovychenko, got here as some reports mentioned Ukraine had obtained cryptocurrency valued at $50 million in only one week. Reports of the fundraise additionally got here as Russia’s invasion and the bombing of websites in Ukraine continued.

Fundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians

In his feedback on Telegram after Whitepay tweeted about its donation, Udovychenko, who can be the CEO of Whitepay, insisted the Ukrainians will proceed till Russian forces go away the nation. He mentioned:

Yes, I’m in Ukraine. Yes, it’s an actual warfare right here. People are preventing on the streets and are supporting one another. Our army and territorial defence will combat till all Russian invaders have left our nation.

Besides soliciting crypto donations on behalf of Ukrainian protection forces, Whitepay mentioned in one other tweet that it’s elevating funds to assist the Ministry of Healthcare of Ukraine in addition to the civilians which were affected by hostilities.

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