What is this program?
Vibrant Assist is a relief initiative that supports livelihoods by providing humanitarian aid in digital dollars, known as USDC, through the Vibrant Assist app.
What is USDC?
USDC is a digital US dollar asset issued by Circle and available on the Stellar blockchain. Each USDC is fully backed by U.S. dollar reserves and redeemable at a 1:1 rate, making it easily convertible into local currency through partners like MoneyGram and Latamex.
Why use USDC for this program?
USDC offers key benefits over traditional cash aid, such as:
Protection against currency devaluation: USDC shields funds from potential declines in local currency value.
Flexible exchange options: Easily converted into ARS at multiple locations.
After receiving your assistance, you can cash out USDC at a MoneyGram location or through bank transfer.
Is there a cost to use Vibrant Assist?
The Vibrant Assist wallet is free for beneficiaries, with no maintenance or usage fees.
How secure are my humanitarian funds?
Vibrant is built to keep your balance secure. It is a non-custodial wallet built on the Stellar blockchain, which means you have full control over the balance in your wallet.
Your funds will remain secure in your wallet until you’re ready to use them, and no minimum balance is required to keep the account active.
What measures reduce fraud in this program?
All transactions with USDC are recorded on the Stellar public ledger, ensuring transparent fund tracking. Additionally, USDC transfers to other wallets are restricted, so aid recipients can only use their funds personally, preventing unauthorized redirection.
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