ZachXBT: Neither ADA nor XRP has received any support from major stablecoin issuers
2025-03-03 08:06:29
On-chain detective ZachXBT posted on the X platform in response to Trump's inclusion of cryptocurrencies such as XRP, SOL and ADA in the US crypto strategic reserve. He said that one of the better indicators to judge the legitimacy of a blockchain is to look at how many native stablecoins the chain has issued from Circle, Tether or Paxos. So far, neither ADA nor XRP has received any support from major stablecoin issuers. XRPL/Cardano is said to be a thriving ecosystem on which projects similar to Ethereum and Solana are built, but the value proposition is slightly different from Bitcoin. So, will there be more centralization on the so-called "decentralized" blockchain?
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