Overview
- Sandeep Nailwal opened nepalrelief.org with a public USDC wallet that accepts Ethereum and Polygon tokens and had raised roughly $168,000 by launch day.
- Donations flow into a single, auditable USDC address that anyone can view on‑chain but that does not by itself prove when or how converted fiat is spent.
- Polygon’s Open Money Stack handles routing, bridging, and conversion while Engage Nepal, a U.S. 501(c)(3) led by Scott DeLisi, plus Coinme and Cross River Bank provide the nonprofit and banking steps to move funds into Nepalese rupees.
- Major pledges reported to support the drive include $300,000 from Ripple, $100,000 from Blockchain for Impact, and about $166,946 raised by the Solana community.
- The effort standardizes on USDC to limit price swings and speed transfers, building on Nailwal’s earlier crypto relief work in India and aiming to deliver cash quickly to communities hit by the glacier‑collapse floods.