- Ripple donates $25 million RLUSD to top educational nonprofits
- Early Bitcoiner Rochard slams Ripple CEO over his CBDC support
SBI chief executive Yoshitaka Kitao has highlighted a generous multi-million RLUSD donation made by the Ripple giant to a major new partner, which represents one of the fundamental industries for the future of the United States.
You Might Also Like
Tue, 05/20/2025 - 11:40 $178,626,405 XRP in Minutes — What's Happening? ByYuri Molchan
Ripple donates $25 million RLUSD to top educational nonprofits
In his X post, Kitao shared a link to a blog post recently published by Ripple, saying that it has made a generous donation of $25 million worth of its dollar-backed stablecoin RLUSD to DonorsChoose and Teach for America — two leading American nonprofit education organizations.
HOT Stories TRON (TRX) Is 'Ignored Dark Horse,' Believes Former ARK Invest Crypto Lead Ripple Sounds the Alarm Over XRP Scams Stablecoin Bill Passes Major Hurdle Ethereum (ETH) Lost $3,000, XRP to Lose $2? Shiba Inu (SHIB) Breakthrough Failed?
The article refers to this move as a “blueprint” of how stablecoins can make supporting various communities globally in a smarter, faster and more inclusive manner.
Ripple Reimagines Giving with $25M Stablecoin-Powered Donation https://t.co/Dw3PHt3C7w
— 北尾吉孝 (@yoshitaka_kitao) May 20, 2025This donation has provided a way to fund more than 31,000 classrooms, supporting more than 21,000 teachers in 13,000 schools in the country. Besides, from the same $25 million, stipends will be paid out to almost 300,000 students.
Ripple stressed that this RLUSD donation will “support expanded financial literacy efforts, equipping students and teachers across the country with the knowledge and tools to succeed in a rapidly evolving job market.” Besides, it will help to reimagine American education, the blog post stated.
Ripple’s report says that, over the past few months, stablecoins have been playing a significant role in digital finance, accounting for more than 50% of all on-chain transaction volume. The potential areas of their use include humanitarian aid, philanthropy and financial inclusion.
This is largely possible thanks to stablecoins providing seamless and cheap transactions with a high level of transparency, and they run nonstop, 24/7.
You Might Also Like
Mon, 05/19/2025 - 19:23 Ripple CEO Calls Out Senator Lummis for Canceled Meeting ByPaul Adedoyin
Early Bitcoiner Rochard slams Ripple CEO over his CBDC support
On Monday, an early Bitcoin supporter and CEO of the Bitcoin Bond Company Pierre Rochard responded to a tweet by Brad Garlinghouse, in which the Ripple CEO addresses Senator Lummis regarding the meeting with him that she canceled. That tweet was about championing “sensible pro-crypto legislation around stablecoins” and making the U.S. government focus not only on Bitcoin but on a “multi-chain crypto industry.”
You ruined your reputation and lost all credibility by pushing for CBDCs and against Bitcoin.
Nobody takes you seriously anymore.
Pierre Rochard slammed Garlinghouse for supporting central bank digital currencies (CBDCs) and speaking against Bitcoin only when it came to the strategic crypto reserve. Rochard said that Garlinghouse had ruined his own reputation with this. “Nobody takes you seriously anymore,” he added.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
