PANews reported on November 28th that Cobo announced a donation of HKD 1 million equivalent in stablecoins for fire relief and community reconstruction in Tai Po, Hong Kong. In collaboration with the Hong Kong Red Cross, Cobo has launched a dedicated "compliant blockchain charity wallet" to ensure the entire donation process is open, transparent, and traceable. The wallet is now open to the public, who can directly transfer donations to it. All donations will be used for related relief efforts. Cobo stated that it will continue to monitor the flow of funds and the progress of post-disaster reconstruction and is willing to provide free technical support to charitable foundations that require blockchain donation channels.