Viewpoint: XRP and ADA have significant deficiencies in terms of TVL and stablecoin liquidity, making them unsuitable as strategic reserve assets
ChainCatcher news, according to Bloomingbit, the announcement by U.S. President Trump to consider XRP, ADA, and Solana as strategic reserve assets has led to a significant increase in the prices of these three cryptocurrencies, while also drawing strong skepticism from industry experts. Castle Island Ventures partner Nick Carter stated on social media: "The government's role is not to operate alternative cryptocurrency hedge funds."
Several experts pointed out that some of the selected cryptocurrencies have serious flaws that make them unsuitable as strategic reserve assets. SpaceID business development manager Harrison Seletsky stated: "Ethereum and Solana have strong networks and may be suitable for inclusion as strategic reserve assets, but the mainnets XRPL and Cardano of XRP and ADA are clearly lacking in total locked value (TVL) and stablecoin liquidity."
TwoPrime Digital Assets CEO Alexander Blum emphasized the centralization issue: "XRP, ADA, and Solana have centralized ownership structures, which fundamentally distinguishes them from Bitcoin." Smadex co-founder Jean Rausis criticized: "The strategic cryptocurrency reserve plan that includes XRP, Solana, and ADA is Trump's attempt to profit for himself; he knows nothing about cryptocurrency strategic reserves."