The XRP vs Tether debate around decentralization is back. This time, it comes from an unlikely source. Charles Hoskinson, the founder of Cardano, has openly praised XRP while taking aim at centralized stablecoin giants like Tether and Circle.
Hoskinson described XRP as a stronger “Web2.5 product.” He argued that the asset stands above stablecoins because of its open ecosystem and permissionless nature. According to him, developers can build on the XRP Ledger without asking for approval from Ripple. He made his position clear with the XRP vs Tether debate.
“I believe in open standards, open protocols, and open ecosystems,” Hoskinson said. “That’s why I like XRP as a Web2.5 company so much more than Tether or Circle.”
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XRP vs Tether: Open Systems Against Central Control
The comments highlight a growing divide in crypto. On one side are centralized stablecoins like USDT and USDC. On the other are open blockchain ecosystems like the XRP Ledger.
Hoskinson pointed to one key issue. Stablecoin issuers can freeze funds, blacklist wallets, and restrict access. That level of control worries many crypto users who believe blockchain should remain open and neutral.
The XRP Ledger works differently. XRPL is open-source and permissionless. Anyone can build on it without corporate approval. That structure, according to Hoskinson, gives XRP an advantage in the long run.
His praise surprised the wider crypto market because his relationship with the XRP community has often been hostile. For years, many XRP supporters accused Ethereum insiders of influencing regulators against Ripple during the SEC lawsuit.
Hoskinson repeatedly rejected those accusations. In a recent post on X, he mocked the idea that he secretly worked with Ethereum founders against XRP despite leaving Ethereum years earlier.
XRP vs Tether: The Decentralization Debate Intensifies
Hoskinson also challenged the XRP community directly. He argued that a truly decentralized ecosystem should not depend on the actions or reputation of one company or leader.
He compared this with Cardano’s structure. According to him, supporting Cardano does not require supporting him personally because the network operates beyond any single figure.
Still, his praise for XRP marks a notable shift. It also adds fuel to the wider debate over whether crypto users will favor open blockchain ecosystems over centralized stablecoin networks in the years ahead.
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