Ripple will donate RLUSD worth $25 million.

SBI CEO Yoshitaka Kitao highlighted the generous multi-million RLUSD donations the Ripple giant has made to its major new partners.

Ripple will donate $25 million RLUSD to an educational nonprofit

In his X post, Kitao shared a link to a blog post recently published by Ripple, saying he generously donated $25 million worth of Stablecoin RLUSD to Donorschoose and Teach for America.

In this article, the move is referred to as a “blueprint” of how Stubrecoin supports a wide range of communities worldwide in a smarter, faster and more comprehensive way.

The donation provides a way to fund more than 31,000 classrooms and supports more than 21,000 teachers in 13,000 schools across the country. Plus, starting from the same $25 million, salaries will be paid to approximately 300,000 students.

Ripple emphasized that the RLUSD contribution will “equip students and teachers across the country with the knowledge and tools to support the expanded financial literacy efforts and thrive in the rapidly evolving job market.” Plus, it helps to rethink American education, the blog post says.

Ripple reports that over the past few months, Stablecoins have played a key role in digital finance, accounting for more than 50% of the transaction volume on the chain. Potential areas of their use include humanitarian assistance, philanthropy and financial inclusion.

This is mostly possible thanks to Stablecoins, which offers seamless and inexpensive transactions with a high level of transparency.

Early Bitconner's Rochard slams Ripple CEO with his CBDC support

On Monday, the early Bitcoin supporter and CEO of Bitcoin bond company Pierre Rochard responded to a tweet from Bradgaring House. There, Ripple's CEO speaks to Senator Lumith about a meeting she has cancelled. The tweet defended “smart procrypt laws on stablecoins” and was about the US government's focus on not only Bitcoin but “multi-chain crypto industry.”

Pierre Rochard has supported the central bank's digital currency (CBDCS) and denounced Garlinghouse for speaking to Bitcoin only about strategic crypto sanctuaries. Rochard said Garlinghouse has ruined his own reputation with this. “No one is taking you seriously anymore,” he added.