Crypto News – Tether vs. Ripple: A Closer Look at the US Scrutiny Dispute

Crypto News – Tether vs. Ripple Controversy: What You Need to Know

Crypto News – CEO of Tether Paolo Ardoino has retaliated against CEO of Ripple Brad Garlinghouse for his recent remarks suggesting that the US government is targeting Tether, the largest stablecoin issuer globally. To dispel any confusion over possible U.S. agency action against the company, Ardoino took to social networking site X and he also criticized Garlinghouse for inciting panic regarding USDT. Given that Ripple is under investigation by the SEC and is attempting to introduce a rival stablecoin to Tether’s, Ardoino stated that Garlinghouse’s remarks were disingenuous.

According to the CEO of Tether, USDT is the stablecoin with the biggest market share, millions of users worldwide, and it has benefited bank customers in developing nations.

USDT proved over time to have strong price stability, highly liquid reserves, top tier custodians and profound compliance.

Ardonio

According to Garlinghouse, a New Black Swan Event Will Happen Soon

The Tether CEO’s statement followed Garlinghouse’s assertion in a podcast interview that there was a “100%” likelihood of another crypto-related black swan event. Without going into detail about his reasoning, the CEO of Ripple indicated that Tether is being targeted by the US government. Tether’s contribution to the cryptocurrency sector was acknowledged by Garlinghouse as well.

In the cryptocurrency world, many interpreted the remarks made by the CEO of Ripple as a warning sign of impending governmental action in the US. While Ripple is about to release a stablecoin, some others said it was just a competitive move.

FAQ

For more up-to-date crypto news, you can follow Crypto Data Space.