The Giving Block’s 2025 annual report says stablecoin donations rose sharply year-over-year, marking what the organization called a “major shift” in crypto philanthropy. The platform identified Ripple USD (RLUSD) and Circle’s USDC as leading the move toward stablecoins.
According to the report, The Giving Block facilitated more than $100 million in crypto donations in 2025, with over $32 million coming via stablecoins such as USDC, RLUSD, Tether’s USDT, Dai and others. The organization added that the trend shows stablecoins “are no longer a side story in Crypto Philanthropy — they’re becoming one of its fastest-growing channels.”
The report noted roughly $25 million in RLUSD may have originated directly from Ripple Labs, which pledged funds to nonprofits DonorsChoose and Teach For America in May. The Giving Block also projected that total crypto donations could reach as much as $2.5 billion.
Other observers have reported the same shift. Givepact said in July that stablecoins had “rapidly become the top donated asset in crypto philanthropy,” citing The Giving Block’s data. Givepact pointed to a 2025 U.S. payment-stablecoin law that gave stablecoins “cash-equivalent” status, a change it said eased nonprofit concerns about issuer solvency and the predictability of donation value.
Givepact added that donors continue to give in stablecoins even in bear markets, which helps nonprofits avoid volatility and speeds donation processing. It also said the passage of the GENIUS Act is accelerating the trend by providing federal recognition and greater institutional trust.
At the same time, stablecoin yields remain a contentious issue in broader U.S. market-structure discussions. The Senate is weighing legislation to create a comprehensive framework for digital assets, and proposals on stablecoin rewards have split industry leaders and lawmakers. The Senate Banking Committee has not yet rescheduled a markup after previous postponements, while the White House has met with industry representatives to discuss how to handle stablecoin yield. President Trump publicly urged banks not to let digital-asset issues slow market-structure progress. Many crypto companies and interest groups oppose proposals to ban stablecoin rewards as negotiators work on the bill’s final text.