Stablecoin giving grows as 'crypto philanthropy' matures: Report

The crypto fundraising platform Giving Block just dropped its 2025 report — and stablecoin donations are absolutely booming. They facilitated over $100M in crypto donations last year, with more than $32M coming through stablecoins like USDC, RLUSD, USDT, and DAI. That’s a massive shift.

The report straight-up says: “The trend is clear: stablecoins are no longer a side story in Crypto Philanthropy—they’re becoming one of its fastest-growing channels.”

But here’s the kicker: $25M of that RLUSD haul likely came from Ripple Labs itself, which pledged that cash to nonprofits DonorsChoose and Teach For America back in May. Giving Block even projected they could see up to $2.5B in total crypto donations.

Another platform, Givepact, reported in July that stablecoins have “rapidly become the top donated asset in crypto philanthropy.” They credit the US payment stablecoin bill — which gave stablecoins “cash-equivalent” status — for killing concerns about issuer solvency and making nonprofits feel way more secure.

Givepact’s take: “Even during bear markets, donors are willing to give in stablecoins — helping nonprofits avoid volatility and process donations faster. With the GENIUS Act now in place, this trend is accelerating. Stablecoins are no longer just convenient — they’re federally recognized and institutionally trusted.”

Meanwhile, in DC drama: The US Senate is still wrestling with digital asset market structure legislation, and stablecoin rewards are a major sticking point. The Senate Banking Committee hasn’t rescheduled its markup after a January delay, and the White House has held three meetings with industry leaders about how to handle stablecoin yield.

On Tuesday, President Donald Trump went on social media to tell banks not to hold market structure “hostage” over digital assets. A lot of crypto companies and interest groups are fighting against a potential ban on stablecoin rewards in the bill — which still hasn’t been finalized before a possible full Senate vote.