Ripple Is ‘Infinitely’ Worse Than Tether, Says ZachXBT
2025-07-02 00:22:05
Main Idea
ZachXBT criticizes Ripple, Circle, and Tether, stating that Ripple is 'infinitely' worse than Tether and lacks organic users, while highlighting concerns about Circle's compliance with North Korean IT workers using USDC.
Key Points
1. ZachXBT claims Circle/USDC is used by DPRK IT workers for payments without detection or freezing, calling it part of a 'crime super cycle'.
2. ZachXBT trusts Circle, Paxos, and Tether more than Ripple, citing Ripple's lack of organic users and reliance on partnerships.
3. XRP supporters argue Ripple has integrations with AeonPay, Alchemy Pay, and millions of merchants, defending its legitimacy.
4. ZachXBT notes the absence of major stablecoin issuers (Circle, Tether, Paxos) on XRP and ADA as a sign of their lack of legitimacy.
5. ZachXBT highlights opaque treasury flows, pointing to $109 million in XRP moved from a Ripple co-founder's wallet to exchanges in one month.
Description
A fresh burst of verbal shrapnel from on-chain investigator ZachXBT has reignited the long-running feud between the sleuth and the XRP community, with Ripple again cast as the outlier among major stable-asset ecosystems. The exchange began after WatcherGuru reported on X + that Circle, the issuer of USD Coin (USDC), has applied to become a federally regulated national trust bank in the United States. Within minutes, ZachXBT—whose meticulous wallet-tracking has underpinned investigations into mor...
Latest News
- Solana Meme Coins Surge: $PENGU, $USELESS & $WIF On Fire; Snorter Token Next?2025-07-04 12:18:32
- Analyst Says Sell XRP Now Before 72% Price Crash To $0.62025-07-04 12:05:41
- Galaxy’s EURAU to Set Alight EU Stablecoin Crypto Market – Spotlight on Best Wallet Token2025-07-04 11:47:49
- The House Passes Trump’s Big Beautiful Bill, Sparking a July 4 Bitcoin Rally2025-07-04 11:00:30
- Bitcoin Pattern Breaks: Price Near ATH, But HODLers Still Not Selling2025-07-04 10:31:31