Ripple is investing $25 million in the U.S. to help small businesses thrive and support veterans. The company is partnering with Accion Opportunity Fund and Hire Heroes USA to focus on providing resources to small business owners who lack access to traditional funding and to veterans as they transition to civilian careers.
This is Ripple’s second $25 million donation this year. The company notes that small businesses are major drivers of the U.S. economy, employing almost half of the American workforce and contributing 43.5% of the country’s total economic output.
Despite efforts to help, many people still find it hard to get affordable loans or funding. Meanwhile, roughly 200,000 veterans leave military service annually, and a large majority – around 80% – initially struggle to find work.
Expanding Economic Opportunity
Ripple CEO Brad Garlinghouse highlighted that small businesses and veterans are key drivers of American success, but often face obstacles that hold them back financially. To help, Ripple is investing in programs that will provide loans, training, and new job opportunities in the financial technology sector.
Accion Opportunity Fund anticipates the donation will enable $125 million in loans to small businesses. Additionally, Ripple’s new Digital Leap Forward program will provide entrepreneurs with both training and $500,000 in initial funding.
Hire Heroes USA aims to create 14,000 jobs for veterans and their spouses. They’re also launching a new Fintech Pathways program, which is predicted to generate $900 million in economic activity each year.
Driving Crypto-Backed Philanthropy
Ross Dickman, CEO of Hire Heroes USA, highlighted that Ripple’s investment strongly supports their commitment to helping veterans and military spouses transition to civilian jobs. The nonprofits will also receive donations in RLUSD through The Giving Block and Uphold, giving them firsthand experience with managing digital assets.
Ripple is using a similar approach to its previous donation to DonorsChoose and Teach For America. That earlier funding helped 30,000 classrooms and provided teachers across the country with more resources.
Currently, XRP, the cryptocurrency associated with Ripple, is trading at $3.02. Over the last 24 hours, $6.04 billion worth of XRP has been traded, but the price has decreased slightly by 0.97%, according to CoinMarketCap.
Ripple is combining charitable giving with new digital technologies to demonstrate that stablecoins can create significant, positive change for communities and economies.
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2025-09-16 02:10