Ripple’s $25M RLUSD Pledge Aims to Address U.S. Classroom Resource Gaps
The post Ripple’s $25M RLUSD Pledge Aims to Address U.S. Classroom Resource Gaps appeared on BitcoinEthereumNews.com. Ripple has pledged $25 million in its stablecoin RLUSD to support U.S. classrooms and teachers, marking the first large-scale use of stablecoin-based funding in education philanthropy. Bridging Resource Gaps in Education The initiative, unveiled on May 5 during Teacher Appreciation Week, aims to address longstanding resource shortages and growing public dissatisfaction across American K-12 education through partnerships with DonorsChoose and Teach For America. A 2024 Gallup survey highlighted that 55% of U.S. parents and adults are unhappy with the quality of schooling nationwide, underscoring persistent concerns about funding gaps and access to classroom essentials. Ripple’s initiative seeks to directly tackle these challenges by supplying critical resources to teachers, students, and school staff. Ripple stated, “In a first-of-its-kind initiative, DonorsChoose and Teach For America will accept the majority of the $25 million grant in Ripple USD (RLUSD), Ripple’s U.S. dollar-backed stablecoin.” This unique approach not only provides immediate support to classrooms but also introduces crypto-enabled payments into the nonprofit sector on a significant scale. Expanding the Use of Stablecoins in Philanthropy Stablecoins have rapidly become a preferred medium for on-chain transactions, accounting for more than 50% of blockchain transaction volumes, according to recent data from Chainalysis. The adoption of RLUSD by major education-focused nonprofits signals increasing institutional confidence in stablecoins as reliable and efficient instruments for charitable funding. Ripple’s CEO, Brad Garlinghouse, emphasized the strategic alignment of the initiative with the company’s broader mission, saying, “Ripple has always championed financial and educational access for all, and we’re partnering with some of the most impactful organizations – Donorschoose and Teach For America – to benefit thousands of classrooms across the U.S.” Supporting Nationwide Educational Programs The $25 million commitment will be distributed primarily during Teacher Appreciation Week and will fund several targeted initiatives. These include supporting classroom projects, launching a nationwide STEM…
The post Ripple’s $25M RLUSD Pledge Aims to Address U.S. Classroom Resource Gaps appeared on BitcoinEthereumNews.com.
Ripple has pledged $25 million in its stablecoin RLUSD to support U.S. classrooms and teachers, marking the first large-scale use of stablecoin-based funding in education philanthropy. Bridging Resource Gaps in Education The initiative, unveiled on May 5 during Teacher Appreciation Week, aims to address longstanding resource shortages and growing public dissatisfaction across American K-12 education through partnerships with DonorsChoose and Teach For America. A 2024 Gallup survey highlighted that 55% of U.S. parents and adults are unhappy with the quality of schooling nationwide, underscoring persistent concerns about funding gaps and access to classroom essentials. Ripple’s initiative seeks to directly tackle these challenges by supplying critical resources to teachers, students, and school staff. Ripple stated, “In a first-of-its-kind initiative, DonorsChoose and Teach For America will accept the majority of the $25 million grant in Ripple USD (RLUSD), Ripple’s U.S. dollar-backed stablecoin.” This unique approach not only provides immediate support to classrooms but also introduces crypto-enabled payments into the nonprofit sector on a significant scale. Expanding the Use of Stablecoins in Philanthropy Stablecoins have rapidly become a preferred medium for on-chain transactions, accounting for more than 50% of blockchain transaction volumes, according to recent data from Chainalysis. The adoption of RLUSD by major education-focused nonprofits signals increasing institutional confidence in stablecoins as reliable and efficient instruments for charitable funding. Ripple’s CEO, Brad Garlinghouse, emphasized the strategic alignment of the initiative with the company’s broader mission, saying, “Ripple has always championed financial and educational access for all, and we’re partnering with some of the most impactful organizations – Donorschoose and Teach For America – to benefit thousands of classrooms across the U.S.” Supporting Nationwide Educational Programs The $25 million commitment will be distributed primarily during Teacher Appreciation Week and will fund several targeted initiatives. These include supporting classroom projects, launching a nationwide STEM…
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