Tether CEO Paolo Ardoino has responded to comments made by Ripple CEO Brad Garlinghouse, labeling him as an "uninformed CEO" and accusing him of creating uncertainty surrounding stablecoin USDT amid an investigation by the U.S. Securities and Exchange Commission (SEC) into his company. In return, Garlinghouse clarified that his remarks were not an attack on Tether but rather a reflection on the regulatory scrutiny faced by major stablecoin issuers like Tether.

Ardoino addressed Garlinghouse's comments on social media platform X, emphasizing Tether's role in providing financial services to unbanked communities in emerging regions and its commitment to transparency and regulatory compliance. He highlighted Tether's adherence to OFAC/SDN lists, collaborations with Chainalysis, and cooperation with international law enforcement to combat illicit activities.

In response to Ardoino's characterization of him as uninformed and spreading fear about USDT, Garlinghouse clarified on X that he wasn't targeting Tether and acknowledged its importance in the ecosystem. He explained that his remarks reflected the U.S. government's interest in exerting more control over USD-backed stablecoin issuers, with Tether being a prominent player in their focus.

What are your thoughts on Tether CEO Paolo Ardoino's remarks about Ripple CEO Brad Garlinghouse? Share your opinions in the comments section Tether CEO Paolo Ardoino has responded to comments made by Ripple CEO Brad Garlinghouse, labeling him as an "uninformed CEO" and accusing him of creating uncertainty surrounding stablecoin USDT amid an investigation by the U.S. Securities and Exchange Commission (SEC) into his company. In return, Garlinghouse clarified that his remarks were not an attack on Tether but rather a reflection on the regulatory scrutiny faced by major stablecoin issuers like Tether.

Ardoino addressed Garlinghouse's comments on social media platform X, emphasizing Tether's role in providing financial services to unbanked communities in emerging regions and its commitment to transparency and regulatory compliance. He highlighted Tether's adherence to OFAC/SDN lists, collaborations with Chainalysis, and cooperation with international law enforcement to combat illicit activities.

In response to Ardoino's characterization of him as uninformed and spreading fear about USDT, Garlinghouse clarified on X that he wasn't targeting Tether and acknowledged its importance in the ecosystem. He explained that his remarks reflected the U.S. government's interest in exerting more control over USD-backed stablecoin issuers, with Tether being a prominent player in their focus.

What are your thoughts on Tether CEO Paolo Ardoino's remarks about Ripple CEO Brad Garlinghouse? Share your opinions in the comments section below.below.