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By Shaurya Malwa|Edited by Parikshit Mishra
May 6, 2025, 6:14 a.m.
- Ripple has committed $25 million to U.S. educational initiatives, primarily using its RLUSD stablecoin.
- The funds will be distributed through 2025, with $15 million for DonorsChoose and $10 million for Teach For America.
- The donation highlights the growing use of stablecoins like RLUSD for efficient and transparent large-scale transactions.
Payments firm Ripple has pledged $25 million to support educational initiatives in the U.S., with most of the disbursement in its RLUSD stablecoin.
The funds will be distributed throughout 2025. Some $15 million is dedicated to teachers through DonorsChoose, and $10 million will go to Teach For America.
STORY CONTINUES BELOW
The donation is in partnership with The Giving Block, coming at a critical time for education in the U.S. as ongoing federal funding cuts are causing significant uncertainty among educational institutions and educators alike.
The Giving Block also added support for donations using RLUSD, Ripple’s U.S. dollar pegged stablecoin, as the token gains traction in a crowded market. Such transfers boost the token’s visibility and usecase, however, some developers say.
“Stablecoins like RLUSD are proving their value in real-world applications like donations and large-scale transactions,” Panos Mekras, CEO of Anodos Labs, a DeFi project on XRPL, said in a Telegram message.
“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.”
RLUSD has a circulating supply of $316 million as of Tuesday, data shows. Security features make RLUSD appealing to institutional users.
An XRP Ledger amendment in January saw a “clawback” feature go live on the network, allowing the issuer to reclaim or “claw back” certain tokens, such as RLUSD, from users’ wallets under specific conditions.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
