Tether CEO Calls Out Ripple Chief for Inciting Panic About USDT
Tether CEO Paolo Ardoino fired back at Ripple after the company’s CEO alleged the US government is going after USDT.
Ardoino didn’t directly mention Ripple or its CEO Brad Garlinghouse. But his comments likely refer to Garlinghouse’s earlier statement expressing concern that scrutiny into Tether could disrupt the cryptocurrency market. Interestingly, Ripple is planning to launch its own USD-backed stablecoin in June.
“An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin (cui prodest), is being reported spreading fear about USDT,” Ardoino said in a post on X on Monday.
An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin (cui prodest), is being reported spreading fear about USDt.
Let me give you an update on Tether USDt ecosystem safety.
USDt is the most used stablecoin in the world, with…
— Paolo Ardoino
Read more on cryptonews.com
