Charles Hoskinson, the founder of Cardano, has publicly expressed a strong preference for XRP over major stablecoins such as Tether and Circle. In a recent statement, Hoskinson described XRP as a “Web2.5 product” and indicated that he “likes it a lot more” than its stablecoin competitors. This endorsement from a prominent figure in the cryptocurrency space, particularly one who leads a rival blockchain project, carries significant weight and suggests a potential shift in how some perceive XRP’s utility and market position.
XRP, developed by Ripple, has long been associated with facilitating cross-border payments and remittances. Its underlying technology, the XRP Ledger, is designed for speed and low transaction costs. Hoskinson’s “Web2.5 product” characterization implies that he views XRP as bridging the gap between traditional web technologies (Web2) and the decentralized internet of the future (Web3). This suggests he sees XRP as having more advanced functionalities or a clearer path to integration with existing financial systems than the current offerings of stablecoins.
Stablecoins, like Tether (USDT) and Circle’s USD Coin (USDC), are digital currencies pegged to a stable asset, typically a fiat currency like the US dollar. Their primary function is to provide price stability in the volatile cryptocurrency market, making them useful for trading, holding value, and as a medium of exchange. However, they have also faced scrutiny regarding their reserves and regulatory compliance. Hoskinson’s critique, while not explicitly detailing the flaws of Tether or Circle, hints at a belief that XRP offers a more robust or innovative solution beyond mere price stability.
The distinction between XRP and stablecoins, as articulated by Hoskinson, could relate to XRP’s inherent design as a digital asset with a built-in ledger, rather than solely a digital representation of fiat currency. This design allows for more complex financial instruments and applications to be built on top of the XRP Ledger. The “Web2.5” label might also allude to XRP’s potential for broader adoption and integration with legacy financial infrastructure, a common goal for Ripple.
Hoskinson’s positive remarks about XRP are notable given that Cardano is also a significant player in the smart contract and decentralized application space. While direct competition exists, endorsements from leaders of one blockchain project to another can foster a sense of community and highlight potential inter-project synergies or innovations. It also serves to draw attention to XRP, potentially influencing investor sentiment and market perception.
This statement from Charles Hoskinson underscores the ongoing evolution of the cryptocurrency landscape, where different digital assets are being evaluated not just on their technical merits but also on their potential to reshape financial systems. XRP’s positioning as a “Web2.5 product” by a prominent figure like Hoskinson suggests a narrative of innovation and integration that differentiates it from the more straightforward utility of stablecoins.
Source: Angry Crypto Show
Angry Crypto Show: JUST IN: #Cardano $ADA Founder Charles Hoskinson says “I think $XRP as a Web2.5 product is better than Tether or Circle. I like it a lot more.”. #breaking
— @angrycryptoshow May 1, 2026
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