According to PANews on March 3, on-chain analyst ZachXBT said today that one of the important indicators for measuring the legitimacy of a public chain is whether it has native stablecoin support from major stablecoin issuers such as Circle, Tether or Paxos. Currently, neither Cardano (ADA) nor XRP Ledger (XRP) has received support from these stablecoin issuers, and there are no native USDT, USDC or PAX and other mainstream stablecoins on the chain.
Viewpoint: The legitimacy of public chains can be measured by the support of mainstream stablecoins
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Author: PA一线
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