Ripple and MoonPay Donate $50,000 to LAFD

Ripple and MoonPay have collaborated to donate $50,000 in RLUSD stablecoin to the Los Angeles Fire Department Foundation (LAFD) to support first responders amid the ongoing wildfires in California. The donation was announced on January 10, as wildfires have devastated areas like Pacific Palisades, Pasadena, and Calabasas, forcing over 200,000 residents to evacuate their homes. Ripple's initiative highlights its commitment to aiding LAFD, which has faced resource shortages while battling multiple major blazes, with at least 11 confirmed fatalities and over 12,000 structures destroyed. The donation is part of Ripple's broader Ripple Impact initiative, which has contributed over $170 million to various charitable causes globally. The fires have been exacerbated by strong winds and dry conditions, raising concerns about future fire outbreaks. Governor Gavin Newsom has called for an investigation into resource management failures during this catastrophic fire season.