I was always VERY suspicious towards all centralized coins like XRP and binance ......
The reasons was
1) Centralized in my point of view made the crypto coin totally unworthy . if its centralized is as good as USD $ running throw the VISA network
2) The point of crypto is that nobody has the ability to control all network
3) Centralized coins is exactly what I would do in order to undermine and destroy cryptocurrency
They key point of all coins real value is TRUST. The reason why we love Bitcoin is the fact that we don't trust Banks and politicians
we hate inflation AND centralized control, if any coin has any of these properties (inflation or centralized control) then in my opinion
is NOT a crypto coin but only a project to destroy crypto and therefore only for people unable to understand why bitcoin has a real value
Also stablecoins , in my point of view have no reason to exist at all
If they are stable , then they are de-valuated at the same rate as the USD or EUR. Actually they are COUPONS and not currency!
All goverments and Banks LOVE stablecoins and its very easy to understand why, throw USD they control stablecoins also! A new stablecoin for
them is the same like a new Amazon gift-card program.
If you trust your Government and your banking system, then stay in your official currency , you have no reason to invest in crypto.
If you trust your Government and your banking system, then your blockchain is called VISA , DINERS, AMEX OR MASTERCARD and you already use it.