Binance Charity, the philanthropic arm of the world’s largest cryptocurrency exchange, has committed $3 million in USDT as emergency relief for victims of the June 24, 2026 earthquakes in northern Venezuela. The aid targets verified users in the hardest-hit states: La Guaira, Distrito Capital, Miranda, Aragua, Carabobo, and Falcón.
Eligible residents will receive 20 USDT vouchers after completing proof of address and the eKYC process. Existing users who verify their address before July 10, 2026 can claim the funds, which will be distributed progressively over a 30-day period. CEO Richard Teng confirmed the initiative on X, emphasizing USDT’s stability in avoiding the volatility of other cryptocurrencies.
To further streamline aid, Binance is suspending P2P trading fees for bolivar (VES) operations and Binance Pay merchant fees nationwide until July 2, 2026. These waivers aim to reduce transactional costs during immediate recovery. Affected users are advised to update their credentials on the platform’s official channels before deadlines to receive the benefits.
