Blockchain payment firm Ripple Labs has partnered with DonorsChoose and Teach For America to support education.

As part of their partnership, Ripple Labs will deploy $25 million, primarily in its stablecoin Ripple USD (RLUSD). This is to support teachers and classrooms across cities in the United States.

Cryptocurrency payment firm Ripple Labs is supporting educators and classrooms in cities across the U.S. with a $25 million contribution, primarily in its stablecoin Ripple USD (RLUSD).

This contribution will be distributed during Teacher Appreciation Week through DonorsChoose and Teach For America.

“At Ripple, we are constantly looking for ways to better support young Americans and educators with the resources they need to do their work,” said Garlinghouse.

He added that several classrooms are still struggling with significant challenges, especially when it comes to accessing enough resources to enable all students to reach their full academic potential.

According to a 2024 Gallup survey, only 45% of U.S. parents and adults are satisfied with the quality of K-12 education in the country.

The survey also highlighted the constraints and gaps in funding for education and the growing concerns arising from these shortfalls.

With its $25 million commitment, Ripple aims to help bridge this gap, which has grown wider year after year.

The support is designed to empower students, teachers, and staff, providing them with the resources to rebuild confidence and deliver results in the classroom.

Ultimately, Ripple hopes it will improve academic outcomes and build economic resilience in the long run.

It also hopes to help the fund’s beneficiaries thrive in a rapidly evolving job market.

The company has always supported educational initiatives around the world, including to higher education establishments.

In addition to its social responsibility, Ripple’s deal with DonorsChoose and Teach For America could grow its ecosystem further.

The San Francisco-based firm is gradually introducing more use cases for its US dollar-pegged stablecoin, RLUSD.

Recently, RLUSD and Aave, the world’s most extensive liquidity protocol, partnered to give users access to the stablecoin on its platform.

Therefore, users can access RLUSD on Aave’s V3 Ethereum Core market following the new partnership.

Beyond RLUSD, Ripple has been seeking business growth in different forms. It recently offered Circle, a USDC issuer, $5 billion for a buyout bid.

This was almost a month after the payment company announced it was acquiring fast-growing prime broker Hidden Road for $1.25 billion.

Circle rejected the offer, citing its low valuation. This statement has caused market watchers to begin investigating Circle’s actual valuation.

Rumors have it that Ripple made a higher offer, up to $20 billion, but no official statement has been issued to confirm the claims.

Several entities expected Ripple to discuss the progress it has made with a potential Initial Public Offering (IPO). However, much to their disappointment, the firm, through the CEO, Brad Garlinghouse, has revealed that it is focusing more on pursuing acquisitions.

According to him, Ripple is more concerned about buying companies that offer complementary services to what it already provides.

Recently confirming the company’s priority, Garlinghouse stated that the company is more focused on acquiring companies than on going public.

It is worth noting that he did not reject the idea of going public in the near future. Pundits have speculated that while an IPO may not be in the cards for Ripple now, it could come later.

News data source: kdj.com

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