Binance’s philanthropic arm, Binance Charity Foundation has announced that it has partnered with 46 companies to unveil a new stablecoin called Pink Care Token, to “alleviate period poverty.”
Some of the most prominent names include Tron, IOST, Binance, ZCoin, etc. In an official blog, the company stated that the grand partnership would work to empowering over a million women in developing and underdeveloped countries to improve feminine health and wellbeing. The first batch of Pink Care Token and sanitary pads will be delivered in mid-July. Tron CEO, Justin Sun, urged his followers via a tweet to donate towards eradicating period poverty.
Commenting on the initiative, Binance chief Changpeng Zhao said,
"Pink Care Token is the first social-impact stablecoin issued on Binance Chain. A part of our mission is to promote the adoption of cryptocurrencies, and I think charity is one of the most effective ways to demonstrate their value and make them available to the people in need."