What you absolutely didn’t expect:
- Ripple, waving its RLUSD stablecoin like a magic wand, has thrown $25 million at American education. One suspects even Professors Woland and Azazello would raise an eyebrow at such a number.
- Divisions fit for a bureaucrat: $15 million for the legendary knights known as DonorsChoose, and $10 million for Teach For America, who, presumably, still believe in the hope of tomorrow’s youth.
- Stablecoins—those clever tokens that neither sing nor dance—now strut about as paragons of transparency and efficiency. If only paperwork at the university moved half as swiftly.
Once upon a time in the land of liberty and standardized tests, Ripple—curiously both a company and, it must be said, a verb describing what happens when you drop your wallet in the cafeteria—decided to sprinkle $25 million on the hallowed halls of American education. The twist: most of this largesse is to be measured not in heavy gold coins (tragically), but in digital RLUSD stablecoins.
Distribution will continue until morale improves, or at least until the end of 2025. The benevolent sum? $15 million to DonorsChoose for beleaguered teachers, and $10 million to Teach For America, who have not given up on the delusion that mathematics can be taught to teenagers.
This act of audacious giving is orchestrated with a not-so-invisible hand: The Giving Block—whose specialty is, one suspects, giving blocks. The donation, like a well-thrown brick through a bureaucratic window, arrives during a frightfully inconvenient season when federal coffers are closed tighter than a professor’s grip on their last piece of chalk.
In another episode of “RLUSD seeks meaning in a crowded marketplace,” The Giving Block added support for donations with Ripple’s digital coin—much to the delight of those who prefer their dollars to remain suspiciously digital. Developers opine that visibility and “usecase” are up, Chichikov would surely be proud.
As Panos Mekras, CEO of something dubbed Anodos Labs, declared via Telegram (because prophecy by telegram is so 1920s): “Stablecoins like RLUSD are proving useful in real-world tasks like donations.” Fast, cheap, and delightfully free of those meddlesome bankers, these tokens march forth, doing good while possibly plotting world domination.
A whopping $316 million RLUSD is now circulating, if mysterious data is to be believed. Security features twinkle in the code, luring in those institutional folk who would rather keep their wallets thick and their consciences clear.
Let us not forget January’s “clawback” amendment—a feature that allows the issuer to reclaim tokens from users’ wallets when the stars align or when legal advises, whichever comes first. The perfect trick for any issuer who finds their coins mysteriously misplaced in the pockets of unsuspecting mortals.
Ripple’s donation is as dazzling as a magician’s trick, and just as full of interesting fine print. But then, isn’t that what makes the show worth watching? 🎩🪙
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2025-05-06 10:30