Ripple is pledging $25 million in RLUSD to support teachers in the US. The firm partnered with DonorsChoose and Teach for America, two major nonprofits in the education sector.
Technically, the donation does not entirely consist of Ripple’s stablecoin, but the exact split is uncertain. A post from DonorsChoose suggests that $10 million may be in fiat.
Ripple Spends RLUSD on Education
Teacher Appreciation Week is kicking off in the US, and the threat of cuts to education funding is growing. In this environment, Ripple identified a chance to make a meaningful contribution with RLUSD, its new stablecoin.
According to a press release from the firm, its $25 million in funding will help teachers in a few key ways.
“Proud to support US teachers and classrooms through Ripple’s $25 million commitment to DonorsChoose and Teach For America. Delivered primarily through RLUSD, it’s a meaningful example of how stablecoins can drive real-world impact—starting in the classroom,” claimed Eric van Miltenburg, Ripple’s SVP of Strategic Initiatives.
To be clear, this donation doesn’t seem to go to any sort of blockchain-specific education. In the short term, Ripple’s press release claims that the RLUSD will support all-purpose education resources across public schools.
Later, the partners will also “support new initiatives focused on financial literacy,” but this seems like a more long-term goal.
DonorsChoose’s announcement prominently credited Ripple’s RLUSD contribution but also mentioned Good Morning America, a television program, and Eli Manning, a famous football player.
In other words, it might not be easy to prioritize financial literacy and other economics-centric education if other major donors aren’t as interested.
DonorsChoose also mentions $10 million in funding, not $25 million. Ripple’s press release states that most of the grant will be delivered in RLUSD, but it doesn’t go into specifics. The nonprofit might be indicating that $10 million was the proportion donated in fiat.
In any event, this is not Ripple’s first major charitable donation using RLUSD. In January, the firm pledged $50,000 to fight wildfires in California, but $25 million is a much larger contribution.
The massive increase in scale may reflect an increased focus on PR; for example, the firm has outwardly portrayed RLUSD as compliant with impending stablecoin regulations.
Between the SEC lawsuit getting dropped and XRP ETF optimism, Ripple is on a roll right now. This RLUSD donation has received wide praise from the crypto community, and may boost Ripple’s notoriety in the future.
As seen on the official social media post from DonorsChoose, several community members, even outside of the crypto industry, are praising Ripple for their philanthropic efforts.
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