The United Nations High Commissioner for Refugees (UNHCR) has accepted a $2.5 million BUSD donation from Binance Charity. The funds will be used to provide humanitarian aid to the families of Ukrainian refugees who had to leave the country due to the Russian occupation.

This is the first stablecoin donation to the organization. UNHCR stated that this is “another demonstration of the key role of cryptocurrencies in raising vital funds and providing humanitarian aid” in connection with the war in Ukraine.

The money will go to humanitarian, legal and other support for the citizens of the country.

According to UNHCR, more than 10 million Ukrainians had to leave their homes due to the Russian occupation.

Recall that at the beginning of the war, Binance announced that it would allocate $10 million to resolve the humanitarian crisis in Ukraine, and Binance Charity launched a fundraiser for Ukrainian refugees and children.

Binance Charity has donated $2.5 million in crypto to support UNICEF’s efforts to save the lives of children in Ukraine during the Russian offensive.

At the time of writing, the Ukraine Emergency Fund has raised more than $12 million from a $20 million goal.