Coin Edition -
- Tether CEO refutes Ripple CEO’s claims of USDt being targeted by U.S.
- Tether defends USDt’s role as a stablecoin for the unbanked and highlights its security measures.
- Also, the CEO accused the media of bias, outlining Tether’s cooperation with law enforcement.
Paolo Ardoino, the CEO of prominent stablecoin issuer Tether (USDt), has fired back at the critical remarks of Ripple CEO Brad Garlinghouse. For context, Garlinghouse recently asserted that the U.S. government is targeting Tether.
Garlinghouse expressed that while he considers USDt a significant player in the crypto scene, he doubts its future impact on the crypto landscape due to the supposed investigation he hinted at.
Ardoino, in his response on platform X, directly referred to Garlinghouse as an “uninformed CEO” of a company currently dealing with its own legal issues with the U.S. SEC. He accused Garlinghouse of spreading fear, uncertainty, and doubt (FUD) about USDt, particularly as Ripple is preparing to launch its own stablecoin.
Accordingly, Ardoino presented some details regarding the security of the Tether USDt ecosystem.
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