Stablecoins: Blockchain’s Secret Sauce? 🤔

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So, ZachXBT, this crypto know-it-all, is at it again. He’s like, “Hey, if you want to know if a blockchain is the real deal, just check if it’s got those stablecoin bigshots Circle, Tether, and Paxos hanging around.”

And this is after Trump’s big crypto reserve reveal. Bitcoin, Ether, XRP, Solana, Cardano – they’re all getting their moment in the sun. But Zach’s like, “Nah, man, it’s all about those stablecoins.”

He’s got a point, though. If these big stablecoin issuers thought Cardano or the XRP Ledger were the place to be, they’d be there. But, you know, they’re not. So, what’s that tell you? 🤷‍♂️

Chris Larsen’s XRP Stash: Billions Just Sitting There

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Oh, and get this. ZachXBT also mentions that Chris Larsen’s old XRP wallets are just chillin’ with over $7 billion worth of XRP. Like, what’s he waiting for? A sign from above? 🌟

He transferred a cool $109 million in XRP to exchanges in January. Maybe he’s just taking it slow, you know? Or maybe he forgot the passwords. Who knows?

But remember, this is the same guy who got hacked for 213 million XRP. So, there’s that. 🙄

CryptoMoon tried to get some comments from Ripple and the Cardano Foundation, but, you know, radio silence. Shocking.

Stablecoins in XRPL and Cardano: A Party Without the Cool Kids?

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Alright, so maybe the big stablecoin issuers aren’t on XRPL or Cardano. But they’ve got their own stablecoins, right? Ripple’s got RLUSD, and Cardano’s got Djed and USDM. It’s like having a party, but without the cool kids. Still a party, right? 🎉

RLUSD got the green light from the New York Department of Financial Services, and it’s already trading on some exchanges. And Cardano’s USDM launch? The community was stoked. A “major milestone,” they said. But, you know, where’s Circle? Where’s Tether? 🤷‍♀️

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2025-03-03 15:38