Why Crypto Philanthropy Continues to Outperform the Market

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'For the second year straight, more Google searches contained “donate crypto” than “donate stocks” because a growing number of crypto users are getting wise to asset-giving strategies.' Opinion by thisisPatDuffy

are now fundraising via crypto and non-fungible tokens . With thousands of nonprofits now involved in Web3, crypto philanthropy not only weathered last year’s storm but thrived in it., which compares the total in crypto donated via The Giving Block compared to the average price of bitcoin over time, we can measure if changes in crypto giving are outperforming or underperforming the crypto market as a whole.

As we face another year of market uncertainty, we’ll continue to see stablecoins take donation volume market share, demonstrating the growing use of stable-value cryptocurrencies as payment methods. In 2022, USD coin was the most donated crypto, clocking in at 44% of our donation volume. This was followed by ether as the second-most donated cryptocurrency at 24% of donation volume and bitcoin in third place at 17% of donation volume.

For as long as millions of people in the U.S. remain incentivized to give crypto over cash, crypto will continue being a force for good in the nonprofit industry. This trend is good for the planet, but the crypto industry could see tremendous opportunities to benefit as well.

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