🚨 $USDT vs $RLUSD: A Key Legal Insight

📢 On the heels of Tether’s big U.S. expansion plans — including hiring Bo Hines as crypto strategic advisor and boasting $2.6B in Q2 profits — pro-XRP lawyer Bill Morgan has highlighted a major drawback:

🔹 Tether’s reserves are not held by an independent third-party custodian.

🔹 Ripple’s RLUSD, on the other hand, relies on BNY Mellon for reserve custody, giving it a stronger credibility edge.

🗣 Morgan also reminded the community:

❌ Tether has never agreed to a credible independent audit

✅ But, to be fair, it has never lost its peg

📊 Meanwhile, Tether has issued $13.4B USDT in Q2 and remains the market leader — but the debate around transparency vs. trust is heating up.

🔍 Question: In a future shaped by regulation + institutional adoption, will custody transparency decide which stablecoins dominate?

#Crypto #Stablecoins #Tether #Ripple #Blockchain

https://coingape.com/crypto-lawyer-reveals-key-drawback-with-tether-sdt-rlusd-better/?utm_source=bnb&utm_medium=coingape