XRP: Ripple pledged $25 million For U.S Basic Education with RLUSD
Ripple promised to leverage its partnerships with nonprofits DonorsChoose and Teach For America and provide $25 million for US K-12 classrooms and educators
Quick overview
- Ripple is providing $25 million in funding for US K-12 classrooms through partnerships with DonorsChoose and Teach For America.
- The funds will support tutoring programs, financial literacy campaigns, and classroom projects, primarily using Ripple USD stablecoin.
- This initiative aims to address resource shortages in education and reflects a growing trend of using cryptocurrency for philanthropy.
- Teach For America will also use the funds to assist new corps members and expand its educational programs.
Ripple promised to leverage its partnerships with nonprofits DonorsChoose and Teach For America and provide $25 million for US K-12 classrooms and educators. This funding, primarily distributed in Ripple USD RLUSD/USD, aims to address the ongoing shortages of classroom resources and educational support.
The allocation coincides with a growing dissatisfaction with the state of K–12 education in the United States.
Ripple’s funding tackles these issues by directly supporting tutoring programs, financial literacy campaigns, and classroom projects.
The $25 million via Ripple stablecoin will mainly be allocated to DonorsChoose and Teach For America.
The organizations will utilize the funds to promote STEM-focused and financial education programs nationwide, enhance tutoring services through Teach For America’s Ignite program, and purchase classroom supplies.
This initiative represents one of the first widespread applications of a US dollar stablecoin for direct classroom assistance, reflecting a broader trend in philanthropy enabled by cryptocurrency.
According to Chainalysis, stablecoins are now the most popular on-chain payment method, accounting for over half of all blockchain transactions.
A national STEM Innovation Challenge will be launched, teacher preparation and tutoring initiatives will be expanded, and classroom projects during Teacher Appreciation Week will receive support through these funds.
Additionally, Teach For America will use the donation to provide financial assistance to new corps members and expand its Reinvention Lab.
The initiative highlights the difficulties teachers frequently encounter paying out of pocket for essential classroom supplies.
Moreover, the implementation of RLUSD signals a rise in the institutional use of stablecoins for charitable purposes, particularly through platforms like The Giving Block that facilitate direct cryptocurrency donations to education-related causes.
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