Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
I wasn’t attacking Tether,’ Ripple CEO Clarifies Statement on USDT

I wasn’t attacking Tether,’ Ripple CEO Clarifies Statement on USDT

CoineditionCoinedition2024/05/14 08:31
By:Anisha Pandey
  • Tether CEO Paolo Ardoino called Ripple’s Brad Garlinghouse an “uninformed CEO.”
  • Ripple’s CEO recently said that the US authorities are coming after USDT.
  • Garlinghouse noted that he wasn’t attacking Tether.

Tether chief executive Paolo Ardoino recently took to social media platform X to highlight the statement on USDT given by Ripple CEO Brad Garlinghouse in an interview, calling him an “uninformed CEO.”

As reported earlier, Garlinghouse said in an interview that the US authorities are targeting USDT and seeking to crackdown on the stablecoin, while adding that he cannot predict the impact that this would have on the digital asset sector. 

Ardoino stated in a post on X that Garlinghouse is “spreading fear” about USDT and emphasizing that his firm seeks to roll out a competitive stablecoin. He also noted that USDT has “proved overtime to have strong price stability, highly liquid reserves, top tier custodians and profound compliance.”

Garlinghouse replied to the post by Ardoino, clarifying his statement, stating that Tether is indeed a very important part of the digital asset ecosystem, and noting:

“I wasn’t attacking Tether…the next words out of my mouth during the podcast were that I view Tether as a hugely important part of the ecosystem”

The Ripple executive claimed that his “point was that the US govt has clearly indicated they want more control over USD-backed stablecoin issuers, and thus, Tether, as the largest player, is in their line of sight.”

On the other hand, Tether has been planning expansion beyond the stablecoin business, recently announcing four new divisions .

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Whale Sells $5.48M in TRUMP Token, Gains $483K

A crypto whale offloaded 630,339 TRUMP tokens for $5.48M, pocketing nearly $483K in profit at $8.70 per token.Whale Exits TRUMP Token with Nearly Half a Million in ProfitSmart Profit-Taking or Early Exit?Whale Moves as a Market Signal

Coinomedia2025/04/23 23:44
Whale Sells $5.48M in TRUMP Token, Gains $483K

Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries

Explore Arctic Pablo Coin's presale, Pudgy Penguins' gaming expansion, and Fwog's market trends. Discover the Top New Meme Coins to Invest in April 2025.Arctic Pablo Coin (APC): Staking and RewardsArctic Pablo Coin (APC): Presale Reaches Frostbite CityPudgy Penguins: Expanding into Mobile GamingFwog: Gaining Momentum in the Meme Coin MarketWrapping Up: Arctic Pablo Coin (APC) Stands OutFor More Information:

Coinomedia2025/04/23 23:44
Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries

Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case

In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.

DeFi Planet2025/04/23 21:55
Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case