ZachXBT: The legitimacy of public chains can be measured by the support of mainstream stablecoins

ChainCatcher news, on social media, on-chain analyst ZachXBT stated that one of the important indicators for measuring the legitimacy of a public chain is whether it has native stablecoin support from major 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 mainstream stablecoins such as USDT, USDC, or PAX on-chain.