š¤ RLUSD vs Tether: Which Stablecoin Is Truly More Trustworthy?
š Lawyerās Criticism of Tether
Pro-XRP lawyer Bill Morgan says Tetherās USDT lacks transparency since it doesnāt use an independent third-party custodian.
Also flagged Tetherās absence of credible audits as a red flag.
š¦ Rippleās RLUSD Gains Credibility
ā Reserves held by BNY Mellon, boosting trust and compliance.
ā Market share jumped 26% in just one month š.
ā Used for IPO settlements and seen as a āgold standardā in compliance.
šŗšø Tetherās U.S. Push
ā Hired Bo Hines, ex-White House Crypto Council exec, to boost U.S. compliance.
ā Reported $2.6B Q2 profit and issued $13.4B in new USDT š°.
āļø Key Takeaway
ā Tether (USDT): Bigger, proven stability, but questioned on reserves.
ā Ripple RLUSD: Smaller, but rapidly growing with stronger compliance & transparency.
š” Investors now face the question: Do you prefer size and stability (USDT) or transparency and growth (RLUSD)?