{"id":165991,"date":"2024-05-13T11:55:37","date_gmt":"2024-05-13T11:55:37","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165991"},"modified":"2024-05-13T11:55:42","modified_gmt":"2024-05-13T11:55:42","slug":"tether-strikes-back-ceo-counters-ripple-ceos-claims-affirms-commitment-to-compliance","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/tether-strikes-back-ceo-counters-ripple-ceos-claims-affirms-commitment-to-compliance\/","title":{"rendered":"Tether Strikes Back: CEO Counters Ripple CEO’s Claims, Affirms Commitment to Compliance"},"content":{"rendered":"
TL;DR<\/span><\/p>\n Tether\u2019s CEO\u00a0<\/span>Paolo Ardoino has publicly refuted claims made by<\/span><\/strong>\u00a0Ripple CEO\u00a0<\/span>Brad Garlinghouse regarding the U.S. government\u2019s alleged targeting of Tether (USDT),\u00a0<\/span><\/strong>the world\u2019s largest\u00a0<\/span>stablecoin\u00a0<\/span><\/a>issuer. Ardoino\u2019s response comes after Garlinghouse hinted at potential U.S. agency action against Tether, suggesting that the government is \u201cgoing after\u201d the stablecoin giant.<\/span><\/p>\n Ardoino responded to Garlinghouse\u2019s concerns on social media<\/span><\/strong>, accusing him of instigating \u201cfear about USDT\u201d and labeling his remarks as hypocritical. The CEO of Tether highlighted that\u00a0<\/span>Ripple\u00a0<\/span><\/a>is currently under SEC scrutiny and is on the verge of introducing a stablecoin that could rival USDT.<\/span><\/p>\n An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin (cui prodest), is being reported spreading fear about USDt.<\/p>\n Let me give you an update on Tether USDt ecosystem safety.<\/p>\n USDt is the most used stablecoin in the world, with\u2026<\/p>\n — Paolo Ardoino \ud83c\udf50 (@paoloardoino) May 13, 2024<\/a><\/p><\/blockquote>\n\n
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