ZachXBT says Ripple’s RLUSD has no real users, hits Circle too

ZachXBT claims Circle overlooked USDC misuse by North Korean operatives and criticized Ripple’s RLUSD for artificially inflating its user base. He states that unlike Circle or Tether, Ripple’s growth is based on misrepresented partnerships, calling into question RLUSD’s credibility.

The stablecoin arena grows larger with a total market cap exceeding 263 billion USD. Tether’s USDT leads with over 157 billion USD, while Circle’s USDC holds a secondary position at over 61 billion USD. Ripple’s RLUSD, at approximately 455 million USD, still lags behind.