On-chain investigator ZachXBT has issued warnings regarding Ripple’s RLUSD, claiming it lacks real users and may be misused. In a broader context, he also pointed fingers at Circle’s USD Coin (USDC). Reports suggest that North Korean IT operatives have funneled millions through USDC with little intervention from its issuer.

These findings raise vital questions about regulation and the monitoring of stablecoins in the market. As concerns over misuse grow, investors should remain vigilant. The landscape of cryptocurrency is constantly evolving, and understanding risks associated with these assets is essential. This situation may lead to calls for stronger oversight in the crypto space.