Tether CEO: The statements of Ripple's CEO have spread fear about USDT
Media reports that Tether CEO Paolo Ardoino responded on social media to comments made by Ripple CEO Brad Garlinghouse in a recent interview about the stablecoin Tether (USDT). In the interview, Garlinghouse stated that it was clear to him that the U.S. government is pursuing Tether. Ardoino said, according to reports, an uninformed CEO leading a company under SEC investigation has launched a competitive stablecoin (cui prodest), spreading fear about USDT. Ardoino emphasized that Tether plays a key role in providing financial services for unbanked communities in emerging and developing regions, which are often overlooked by traditional financial institutions. He further asserted that Tether adheres to strict transparency and regulatory compliance standards, as evidenced by its adherence to OFAC/SDN lists, cooperation with Chainalysis and extensive collaboration with international law enforcement agencies to detect and prevent illegal activities, thereby enhancing the security of its ecosystem.
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