The cryptocurrency fundraising platform The Giving Block reported a significant rise in stablecoin donations in 2025 compared with prior years. In its 2025 annual report released Wednesday, the organization said there had been a “major shift” toward stablecoins, led by Ripple USD (RLUSD) and Circle’s USDC. The platform said it facilitated more than $100 million in crypto donations in 2025, with over $32 million coming through USDC, RLUSD, Tether’s USDT, Dai and other stablecoins.
“The trend is clear: stablecoins are no longer a side story in Crypto Philanthropy — they’re becoming one of its fastest-growing channels,” the report said.
The report noted that 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 projected in its annual report that total crypto donations could reach as much as $2.5 billion.
Other platforms have observed the same movement. Givepact reported in July that stablecoins had “rapidly become the top donated asset in crypto philanthropy,” citing Giving Block data. Givepact pointed to a 2025 U.S. payment stablecoin law that granted stablecoins “cash-equivalent” status, saying the change removed concerns about issuer solvency for nonprofits that need predictable donation value.
“Even during bear markets, donors are willing to give in stablecoins — helping nonprofits avoid volatility and process donations faster,” Givepact said, adding that the GENIUS Act’s passage is accelerating the trend by providing federal recognition and greater institutional trust.
At the same time, stablecoin yields remain contested in ongoing U.S. market-structure discussions. The Senate is considering legislation to establish a comprehensive framework for digital assets, and stablecoin rewards have divided industry leaders and lawmakers. The Senate Banking Committee has not yet rescheduled a markup after postponements, while the White House has held meetings with industry representatives about how to handle stablecoin yield. President Trump publicly urged banks not to hold up market-structure progress over digital-asset issues. Many crypto companies and interest groups oppose proposals to ban stablecoin rewards as the bill’s final text is negotiated.