Ripple Drops $25M RLUSD Bomb on US Education—Because Stablecoins Solve Everything
Ripple just pledged a cool $25 million in its RLUSD stablecoin to ’fix’ US education—because nothing says ’pedagogical revolution’ like volatile crypto firms playing philanthropist.
The move reeks of PR stunt meets tax write-off, but hey—at least they didn’t rug-pull a school district. Yet.
Watch as classrooms become collateral in crypto’s latest attempt to buy legitimacy. Textbook disruption, indeed.
RLUSD’s utility meets social impact
A notable aspect of the donation is that a large portion would be disbursed in RLUSD, Ripple’s stablecoin. Based on CryptoSlate data, RLUSD currently has a market cap of over $316 million.
According to the firm, the stablecoin donation highlights the growing utility of digital assets in charitable giving, as they provide a fast and efficient channel for delivering impact where it’s needed most.
Earlier this year, Ripple contributed $50,000 in RLUSD to support wildfire response efforts in California. The funds were directed to the Los Angeles Fire Department Foundation to aid first responders in protecting communities.
These efforts align with Ripple’s broader social impact strategy, Ripple Impact. Since 2018, the company has contributed over $200 million to humanitarian efforts, educational initiatives, and blockchain training programs in over 80 countries.