When did they fight... Cardano Founder: "XRP is better than stablecoins"

▲ XRP, Stablecoin/AI Generated Image

Charles Hoskinson made an unexpected remark, rating XRP higher than Tether's USDT and Circle's USDC, bringing the distinction between centralized stablecoins and open blockchain ecosystems back into the spotlight.

According to cryptocurrency media U.Today on May 26 (local time), Cardano (ADA) founder Charles Hoskinson rated XRP as a superior Web2.5 product compared to centralized stablecoins like USDT and USDC. Hoskinson cited XRP's open ecosystem, which allows anyone to use the XRP Ledger without permission from Ripple, as the basis for his assessment.

Hoskinson stated, "I believe in open standards, open protocols, and open ecosystems." He continued, "That's why, as a Web2.5 enterprise, I like XRP much more than Tether or Circle, because you don't have to ask Ripple for permission to use the XRP Ledger."

He added, "As a Web2.5 product, I think XRP is better than Tether or Circle. I like XRP much more." U.Today explained that while centralized stablecoin issuers have the authority to freeze funds, blacklist addresses, and restrict platform access, the XRP Ledger is an open-source protocol that anyone can build on without approval.

These remarks are even more unusual given Hoskinson's long-standing conflict with the XRP community. U.Today reported that the XRP community has criticized Hoskinson for years over the so-called "Ethergate" conspiracy theory, alleging that Ethereum (ETH) founders unduly influenced the U.S. Securities and Exchange Commission's lawsuit against Ripple. Hoskinson has repeatedly denied these claims, retorting on X (formerly Twitter) in mid-May, "I was pushed out of Ethereum in June 2014, and then they attacked me for 12 years, and then years later you're saying I conspired with them to help Ethereum attack XRP?"

However, Hoskinson also raised criticism that the XRP ecosystem is overly dependent on Ripple's corporate leadership. He pointed out, "If an ecosystem is closed due to criticism of one person's actions and lobbying, then XRP is not decentralized." He continued, "Cardano is not Charles. We have decentralization, and you don't need to like, agree with, or support me to choose Cardano."

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