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crypto.news 2025-05-05 13:57:48

Ripple pledges $25m in stablecoin to support U.S. teachers and classrooms

Ripple pledges $25m in stablecoin to support U.S. teachers and classrooms

Ripple has announced a $25 million commitment to education nonprofits DonorsChoose and Teach For America, with most of the funding disbursed in Ripple USD, the company’s new U.S. dollar-backed stablecoin. The initiative will support classrooms, teachers, and students across the United States, with a focus on literacy, financial education, and STEM innovation. The funding, announced during Teacher Appreciation Week, marks a major step in Ripple’s philanthropic strategy, which aims to combine crypto infrastructure with social impact. Teachers power the future—and we’re proud to support them: https://t.co/yjvoQdBMtj Starting with Teacher Appreciation Week, Ripple is committing $25M to U.S. classrooms through @DonorsChoose & Teach For America, supporting critical resources and financial literacy initiatives,… — Ripple (@Ripple) May 5, 2025 RLUSD ( RLUSD ) will be used to fund thousands of teacher-led projects on DonorsChoose, expand Teach For America’s Ignite tutoring program, and support a national STEM Innovation Challenge. The partnership will also help new teachers with training costs and support financial literacy programs for students. You might also like: Tower Research Capital doubles down on crypto market making amid market recovery Promote education through crypto Ripple CEO Brad Garlinghouse called the initiative part of a broader mission to promote educational and economic access through crypto. “We’re partnering with some of the most impactful organizations to benefit thousands of classrooms across the U.S.,” he said. “The use case for crypto in payments has never been stronger, and stablecoins like RLUSD are proving their value in real-world applications like donations and large-scale transactions. Especially when combined with an efficient blockchain network such as the XRP Ledger. They offer fast, low-cost transfers, free from middlemen and banking restrictions, making them ideal for moving significant amounts efficiently and transparently, as Ripple’s donation demonstrates,” Panos Mekras, CEO of Anodos Labs, one of the leading DeFi projects on XRPL, told crypto.news ina statement. This marks the first time both DonorsChoose and Teach For America will receive a majority of a grant in stablecoin. The Giving Block, a crypto donation platform, will help facilitate the transactions. According to Chainalysis, stablecoins now account for over half of all on-chain transaction volume. Ripple’s total philanthropic contributions now exceed $200 million since 2018, according to the company. You might also like: Missed the BNB boom? This altcoin under $1 might be a second chance

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