Ripple awards $10,000 RLUSD grants to 25 veteran- and military spouse-owned businesses

Hire Heroes USA said 25 companies will receive $10,000 each under a Ripple-funded program that combines RLUSD grants with hiring support for military-connected workers.

RLUSD

Summary

Hire Heroes USA named 25 recipients of the Ripple Effect: Certified Veteran Employer Grants Program, with each veteran- or military spouse-owned business receiving $10,000 for a total of $250,000 funded by Ripple in RLUSD. The program pairs one-time grants with employer training, access to Hire Heroes USA resources and its pool of military-connected candidates, and a commitment by recipients to plan to hire from the military community within 12 to 18 months. The awards were disclosed on July 13 after a spring selection process. The initiative sits within Ripple’s philanthropic work rather than its payments business and adds to the company’s earlier $25 million commitment, mostly in RLUSD, to education nonprofits. The announcement came as U.S.-Iran tensions intensified, though the grant program and the geopolitical developments are unfolding on separate tracks.

Terms & Concepts
  • RLUSD: Ripple-issued stablecoin used to fund the grants.
  • stablecoin: A digital token designed to maintain a relatively steady value, often by tracking a fiat currency.