Cryptocurrency fundraising platform Giving Block reported that it saw an increase in stablecoin donations in 2025 compared to previous years.
In its annual report released on Wednesday, Giving Block said there has been a “huge change” in donations using stablecoins, particularly with Ripple USD (RLUSD) and Circle’s USDC (USDC). The platform reported that it has generated more than $100 million in crypto donations in 2025, with more than $32 million coming through USDC, RLUSD, Tether’s USDt (USDT), Dai (DAI), and other stablecoins.
“The trend is clear: stablecoins are no longer a side story in Crypto Philanthropy – they are becoming one of its fastest growing channels,” the report said.
Importantly, however, the $25 million in RLUSD came directly from Ripple Labs, which pledged the funds in May to nonprofits DonorsChoose and Teach For America. The Giving Block predicted in its annual report that by 2025, it could see up to $2.5 billion in total crypto donations.
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Givepact, another crypto-donation platform, reported in July that stablecoins have “quickly become the top-performing asset in crypto-donation,” citing data from Giving Block. The platform said the stablecoin payment bill signed into law in the US in 2025 elevated the asset to “cash-equivalent” status, which “eliminates ongoing concerns about the issuer’s solvency, especially for non-profit organizations that rely on the projected value of donations.”
“Even in bear markets, donors are willing to give stablecoins – helping nonprofits avoid volatility and process donations,” said Givepact. “With the introduction of the GENIUS Act, this trend is accelerating. Stablecoins are no longer just convenient – they are federally recognized and institutionally trusted.”
Stablecoin derivatives are under consideration in the US market structure bill
As the US Senate considers legislation to create a comprehensive market structure for digital assets, the issue of stablecoin premiums has divided many industry leaders and lawmakers. The Senate Banking Committee has yet to reschedule a hearing on the bill after it was adjourned in January, while the White House held three meetings with industry leaders to discuss how the government could handle stablecoin production.
On Tuesday, US President Donald Trump took to social media to urge banks not to “mortgage” the market structure on digital assets. Many crypto companies and interest groups oppose the ban on stablecoin rewards in the bill, whose text has yet to be finalized before a possible vote in the Senate.
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