Bitget theft highlights why XRP cannot be frozen like USDC and USDT

  • Bitget suffered a recent $387.5 million theft.
  • Issuers froze about $320,000 involving USDC and USDT.
  • XRP has no central issuer able to freeze its funds.

A recent $387.5 million theft from Bitget highlighted a key difference between native coins and stablecoins. XRP, a native coin, cannot be frozen by an issuer because it has no central issuer. By contrast, USDC and USDT are stablecoins whose issuers froze about $320,000. The distinction reflects how issuer-controlled tokens can include mechanisms to restrict or block specific funds, while native coins operate without a central authority that can intervene at the asset level.

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