Ripple created Ripple USD (RLUSD), which is a type of digital money designed to be worth the same as the U.S. dollar. What makes it special is that Ripple follows strict rules and regulations, similar to how banks are regulated. This helps ensure RLUSD is a safe and reliable digital dollar. Each RLUSD coin is backed by traditional, safe assets, like U.S. dollars and U.S. Treasury Bills.
RLUSD works on two different systems: the XRP Ledger, which is known for being fast and low-cost, and the Ethereum blockchain, which is popular for its smart contracts. This dual approach allows RLUSD to be used in many different ways, such as sending money across borders, making donations, or for new kinds of financial transactions.
Impact Story: Ripple Pledges $25 Million to Support Teachers and Classroms in the U.S.
In celebration of Teacher Appreciation Week, Ripple has announced a landmark $25 million cryptocurrency commitment to DonorsChoose and Teach For America. This transformative pledge will provide crucial resources to classrooms and educators nationwide throughout 2025. The majority of funds will be distributed in RLUSD, Ripple’s U.S. dollar-backed stablecoin, demonstrating how digital assets can create meaningful social impact.
