In a recent mail On social network X, Ripple CEO Brad Garlinghouse denied attacking Tether, the largest stablecoin issuer.
In a recent mail On social network X, Ripple CEO Brad Garlinghouse denied attacking Tether, the largest stablecoin issuer.
Before that, he stated that he was “clear” that the US government was going after Tether during a recent podcast appearance.
Garlinghouse emphasized that he had mentioned Tether’s importance to the broader cryptocurrency ecosystem during that podcast. “The next words out of my mouth during the podcast were that I see Tether as a very important part of the ecosystem,” she said in the aforementioned social media post.
The Ripple executive clarified his controversial statement, arguing that the US government wants greater control over dollar-backed stablecoins, so he assumed Tether had appeared among its targets. “My point is that the US government has clearly indicated that “They want more control over issuers of dollar-backed stablecoins and therefore Tether, as the largest player, is in their line of sight.” Garlinghouse added.
As reported by U.TodayGarlinghouse’s controversial comment did not go unnoticed by Tether CEO Paolo Ardoino. The first described the Ripple boss as “uninformed” and recalled Ripple’s own legal problems in the United States. Furthermore, he recalled that Garlinghouse’s company could be on the way to launching its own competing stablecoin, implying that this could be the reason behind the apparent attack.
Now it looks like Garlinghouse is ready to bury the hatchet due to his recent post. Ardoino has yet to respond to the latest comment made by the Ripple CEO.
