Brad Garlinghouse, CEO of Ripple, the company behind XRP, claimed in his recent statement that the US government was going after Tether (USDT).
On the other hand, Tether CEO Paolo Ardoino published a long response and said that an 'uninformed' CEO was spreading fear about USDT, referring to Garlinghouse. He also reminded that Ripple is under investigation by the SEC and intends to launch a USDT rival stablecoin.
However, Garlinghouse also said in the podcast program in which he made his controversial remarks that he saw Tether as very important for the cryptocurrency ecosystem. He added that he did not know how to predict what impact potential US regulatory action against Tether would have on the crypto ecosystem.
Garlinghouse published a response and took a step back after Tether CEO Paolo Ardoino lashed out at him.
Ripple CEO said that his intention was not to attack Tether. In addition, he also reminded that his next words in the podcast were that Tether was very important for the ecosystem.
Garlinghouse said that his statement was intended to remind that the US government demands more control over dollar-based stablecoin companies and that Tether, the largest company in this field, is also in its targets.
*This is not investment advice.
