Cobo has announced a donation of HK$1 million in stablecoins to aid relief efforts and community rebuilding following the Tai Po fire in Hong Kong. Partnering with the Hong Kong Red Cross, Cobo has launched a dedicated "compliant blockchain charity wallet" to ensure full transparency and traceability of the funds. This wallet is now open to the public for direct donations, with all contributions directed towards the relief efforts. Cobo has committed to monitoring the flow of donations and the progress of post-disaster reconstruction. Additionally, the company offers free technical support to charitable foundations interested in utilizing blockchain donation channels.