The CEO of SBI, Yoshitaka Kitao, has pointed out a substantial, multi-million dollar contribution from the company Ripple to a key upcoming collaborator. This donation is significant as it supports one of the crucial sectors expected to shape America’s future.
Ripple donates $25 million RLUSD to top educational nonprofits
In his recent post, Kitao provided a link to a blog post by Ripple, announcing that they had given a substantial donation of $25 million in their dollar-backed stablecoin, RLUSD, to DonorsChoose and Teach for America – two prominent education charities based in the United States.
The piece describes this action as a “plan” outlining how decentralized digital currencies (stablecoins) could facilitate assisting diverse global communities in a more efficient, swift, and equitable way.
Ripple Reimagines Giving with $25M Stablecoin-Powered Donation
— 北尾吉孝 (@yoshitaka_kitao) May 20, 2025
Through this generous donation, over 31,000 classrooms nationwide have been financially backed, enabling more than 21,000 teachers in approximately 13,000 schools. Additionally, nearly 300,000 students will receive scholarships from the same $25 million fund.
Ripple emphasized that the donation to RLUSD would aid in enhancing financial literacy initiatives, empowering students and educators nationwide with the skills and resources necessary to thrive in a rapidly changing employment landscape. Furthermore, it was highlighted that this contribution could contribute to redefining American education.
According to Ripple’s recent findings, stablecoins have been dominating the digital finance scene over the last few months, making up over half of all transactional activity on blockchains. These digital assets are increasingly being explored in sectors such as humanitarian aid distribution, philanthropy, and financial inclusion.
Transactions can be executed smoothly and affordably, with a strong emphasis on transparency, due to the use of stablecoins. These digital assets operate continuously, without any interruptions, day or night.
Early Bitcoiner Rochard slams Ripple CEO over his CBDC support
On Monday, Pierre Rochard, an early Bitcoin advocate and CEO of Bitcoin Bond Company, replied to a tweet by Brad Garlinghouse (Ripple’s CEO). In his tweet, Garlinghouse discussed a canceled meeting with Senator Lummis, expressing support for “reasonable pro-cryptocurrency legislation” concerning stablecoins. He also urged the U.S. government to consider not just Bitcoin but the broader multi-chain cryptocurrency industry.
Your aggressive advocacy for Central Bank Digital Currencies (CBDCs) while dismissing Bitcoin has significantly tarnished your image and undermined the trust people have in your opinions, making it challenging for them to accept your arguments as legitimate. In essence, your credibility has been severely damaged and many now view you with skepticism.
— Pierre Rochard (@BitcoinPierre) May 19, 2025
Pierre Rochard criticized Garlinghouse for advocating central bank digital currencies (CBDCs) and being critical of Bitcoin, especially when it came to its use as a strategic crypto reserve. Rochard asserted that Garlinghouse had damaged his own credibility with this stance, stating, “Your opinions no longer carry weight.
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2025-05-20 17:21