- ZachXBT questions Ripple’s stablecoin adoption strategies.
- Ripple faces scrutiny over RLUSD growth claims.
- Lack of organic user adoption cited by ZachXBT.
ZachXBT, a prominent blockchain investigator, criticized Ripple’s RLUSD adoption on July 1, 2025, questioning its legitimacy and alleging misleading promotion strategies.
ZachXBT’s allegations highlight potential risks for Ripple’s market position and reputation.
Scrutiny of Ripple’s Growth Claims
Ripple’s RLUSD stablecoin experienced significant growth, exceeding $455 million in issuance. ZachXBT, noted for exposing crypto sector practices, accused Ripple of misleading partnerships.
Ripple leadership, including CEO Brad Garlinghouse, has yet to respond publicly.
Artificial Growth Arguments
ZachXBT argues that RLUSD’s growth is artificial, driven by misrepresented partnerships.
Despite the RLUSD’s expanding supply, skepticism persists over its claimed adoption. Ripple has no official statement addressing these concerns.
ZachXBT, On-Chain Investigator, said, “I trust Circle, Paxos, or Tether infinitely more than Ripple. They all at least have organic users whereas Ripple does not and theirs comes from misrepresenting paid partnerships to make it appear like adoption.” source
Impact on the Stablecoin Market
The controversy adds pressure on Ripple amid a competitive stablecoin landscape. Circle’s stock has decreased amid negative press,
impacting market sentiment. ZachXBT’s critiques could influence perceptions of stablecoin credibility.
ZachXBT’s insights may drive regulatory attention to stablecoin practices,
influencing broader crypto market dynamics. Ripple’s silence raises questions about its response strategy. The scrutiny highlights transparency issues within the stablecoin market.
About the author
Whale Buys 6.486M ASTER Tokens With 7.5M USDT
A significant crypto transaction by a whale impacts the ASTER market, inducing volatility and drawing attention from investors.
SEC Delays Ethereum Staking ETF Approvals to October 2025
Ethereum staking ETF approval postponed to October 2025, impacting market and institutional inflows.
Binary Holdings Expands Invisible Blockchain via Telecom Partners
Learn about The Binary Holdings' innovative approach to integrating blockchain technology invisibly within telecom services, led by Manit Sachin Parikh.
Huang Licheng Faces $4M Loss on Leveraged Positions
Huang Licheng, known as 'Big Brother Maji,' incurs a $4 million loss on ETH and other crypto positions.
Curve Contributor Denies Onekey’s Joint Statement
Haowi.eth publicly refutes allegations by Onekey and Wang Lei related to the Resupply incident, emphasizing the need for factual evidence and legal recourse within the DeFi space.
Orderly Network Set for Major DeFi Update and Token Launch
Orderly Network schedules significant DeFi update next week, eyeing $ORDER token launch.
Related
Whale Buys 6.486M ASTER Tokens With 7.5M USDT
A significant crypto transaction by a whale impacts the ASTER market, inducing volatility and drawing attention from investors.
SEC Delays Ethereum Staking ETF Approvals to October 2025
Ethereum staking ETF approval postponed to October 2025, impacting market and institutional inflows.
Binary Holdings Expands Invisible Blockchain via Telecom Partners
Learn about The Binary Holdings' innovative approach to integrating blockchain technology invisibly within telecom services, led by Manit Sachin Parikh.
Huang Licheng Faces $4M Loss on Leveraged Positions
Huang Licheng, known as 'Big Brother Maji,' incurs a $4 million loss on ETH and other crypto positions.
Curve Contributor Denies Onekey’s Joint Statement
Haowi.eth publicly refutes allegations by Onekey and Wang Lei related to the Resupply incident, emphasizing the need for factual evidence and legal recourse within the DeFi space.
Orderly Network Set for Major DeFi Update and Token Launch
Orderly Network schedules significant DeFi update next week, eyeing $ORDER token launch.
