Tether CEO Paolo Ardoino took to the social media platform to respond to comments made by Ripple CEO Brad Garlinghouse in a recent interview about the stablecoin Tether (USDT). Garlinghouse said in the interview that the US government is going after Tether, and that's clear to me.
According to Ardoino, the fear of USDT has been spread by the reported launch of a competitive stablecoin (cui prodest) by an unwitting CEO leading a company that is under investigation by the SEC. Ardoino stressed that Tether plays a key role in providing financial services to unbanked communities in emerging and developing regions, which are often overlooked by traditional Financial Institution Groups. He further asserted that Tether adheres to strict standards of transparency and regulatory compliance, which is reflected in its adherence to the OFAC/SDN list, its cooperation with Chainalysis, and its extensive cooperation with international law enforcement agencies to detect and prevent illegal activities, thereby enhancing the security of its ecosystem.
Tether CEO: Ripple CEO's remarks spread fear of USDT
2024-05-13 23:45:16
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