šŸ¤” RLUSD vs Tether: Which Stablecoin Is Truly More Trustworthy?

šŸ” Lawyer’s Criticism of Tether

Pro-XRP lawyer Bill Morgan says Tether’s USDT lacks transparency since it doesn’t use an independent third-party custodian.

Also flagged Tether’s absence of credible audits as a red flag.

šŸ¦ Ripple’s RLUSD Gains Credibility

ā– Reserves held by BNY Mellon, boosting trust and compliance.

ā– Market share jumped 26% in just one month šŸ“ˆ.

ā– Used for IPO settlements and seen as a ā€œgold standardā€ in compliance.

šŸ‡ŗšŸ‡ø Tether’s 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 šŸ’°.

āš–ļø Key Takeaway

ā– Tether (USDT): Bigger, proven stability, but questioned on reserves.

ā– Ripple RLUSD: Smaller, but rapidly growing with stronger compliance & transparency.

šŸ’” Investors now face the question: Do you prefer size and stability (USDT) or transparency and growth (RLUSD)?

#StablecoinRevolution

$USDT