The Giving Block, a cryptocurrency fundraising platform, reported facilitating more than $100 million in crypto donations to charities in 2025, with stablecoins accounting for a growing share of that total.
In its annual report released Wednesday, the platform identified a “major shift” toward stablecoin donations, specifically highlighting Ripple USD (RLUSD) and Circle’s USDC as leading contributors. More than $32 million of the total came through USDC, RLUSD, Tether’s USDt, Dai, and other stablecoins combined.
Ripple’s Role in the Numbers
Not all of that stablecoin volume was organic donor activity. Approximately $25 million in RLUSD may have originated directly from Ripple Labs, which pledged funds to the nonprofit organizations DonorsChoose and Teach For America in May. That single commitment represents a substantial portion of the stablecoin total, a detail that adds context to the platform’s reported growth figures.
The Giving Block also projected it could see up to $2.5 billion in total crypto donations going forward, though the report did not specify a timeline for reaching that figure.
The GENIUS Act Effect
Crypto donation platform Givepact separately reported in July that stablecoins had “rapidly become the top donated asset in crypto philanthropy.” It pointed to the payment stablecoin bill signed into US law in 2025 as a contributing factor, noting that the legislation elevated stablecoins to “cash-equivalent” status.
That legal recognition matters to nonprofits in particular. Organizations that depend on predictable donation values have historically been wary of crypto’s price swings. Stablecoins sidestep that problem, and the regulatory clarity from the GENIUS Act appears to have reduced remaining hesitation around issuer solvency.
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“Even during bear markets, donors are willing to give in stablecoins — helping nonprofits avoid volatility and process donations faster,” Givepact said.
Stablecoin Policy Still in Flux
The broader legislative picture around stablecoins remains unresolved. The US Senate is weighing market structure legislation for digital assets, and one specific point of contention is whether stablecoins should be permitted to offer yield to holders. Industry leaders are split, and lawmakers have not reached consensus.
The Senate Banking Committee postponed a markup of the relevant bill in January and has not rescheduled it. The White House has held three meetings with industry figures to work through the stablecoin yield question. On Tuesday, President Donald Trump posted on social media urging banks not to hold market structure legislation “hostage” over digital assets.
Many crypto companies and interest groups oppose any ban on stablecoin rewards, and the bill’s text has not been finalized ahead of a potential Senate floor vote.
The tension between the philanthropic momentum building around stablecoins and the unresolved policy debate in Washington reflects how quickly the asset class has moved from the margins of finance into territory that regulators, lawmakers, and nonprofits alike are now actively navigating.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice.
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