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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Titan Clash: Tether CEO Claps Back After Ripple Chief Says US Targeting USDT

Tether Ripple United States Brad Garlinghouse Crypto Paolo Ardoino SEC
Tether was recently on the spotlight after a report that billions in USDT passed through a sanctioned crypto exchange. (Credit: Tether Website/Screenshot)

KEY POINTS

  • Garlinghouse did say that he believes Tether is a critical player in the crypto ecosystem
  • The Ripple CEO said it is 'clear' that the U.S. government has its eyes on Tether
  • Ardoino did not mention Garlinghouse but called out an 'uninformed' CEO for spreading USDT 'fear'

The CEO of stablecoin giant Tether was triggered by another crypto executive's suggestion that the U.S. government is targeting the stablecoin issuer's USDT token amid recent scrutiny over billions worth of USDT that flowed through a sanctioned Russia-based crypto exchange.

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