Ripple Labs Makes Massive Humanitarian Pledge To Boost Education

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.

Ripple Social Engagement Soars

The San Francisco-based firm is growing in the delivery of its social responsibility.

This $25 million fund will be distributed during the Teacher Appreciation Week through DonorsChoose and Teach For America.

According to its published statement, funding is one way Ripple is equipping young Americans and educators with the resources they need to do their work better.

Statistics have shown that several classrooms are still plagued with significant challenges, especially when accessing adequate resources to enable all students to fulfill their academic potential.

In 2024, Gallup released a survey report showing that 55% of U.S. parents and adults are not satisfied with the quality of K-12 education in the country.

This survey exposed the constraints and gaps in funding for education and the growing concerns arising from these shortfalls.

With a $25 million commitment, Ripple is focused on helping bridge this gap, which has grown wider yearly.

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

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.

Ripple XRP Business Growth, Hidden Road, and Circle bids

Beyond social responsibility and its support for education, Ripple’s deal with DonorsChoose and Teach For America could grow its ecosystem further.

Gradually, the firm has introduced more use cases to RLUSD, its US dollar-pegged stablecoin.

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 Ripple Labs’ offer of $5 billion, citing its low valuation. This statement has caused market watchers to begin investigating Circle’s actual valuation.

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

Will Ripple File For IPO?

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 on pursuing acquisitions.

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

While recently confirming the company’s priority. Brad Garlinghouse stated that the company is more focused on acquiring companies than on going public.

It is worth noting that he did not outrightly 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.