Mow quoted the response issued by Tether/Bitfinex CTO Paolo Ardoino to Garlinghouse to criticize Ripple not only for “spreading FUD” about Tether but also doing the same with Bitcoin previously.
Garlinghouse shared his view on their relationship, saying that the U.S. government (and the SEC being its direct representative) is going after Tether and its popular stablecoin USDT, which runs on multiple blockchains and has several versions backed by different fiat currencies and gold.
The Ripple CEO also said that he views this company as a very important part of the ecosystem.
Paolo Ardoino then responded to this statement by the Ripple boss. The Tether CTO called him an “uninformed CEO.” Ardoino also pointed out that Ripple recently announced its plans to launch its own stablecoin, thus aiming to directly compete with Tether.
Paolo Ardoino then chose to give the Crypto X community an update on Tether (USDT) ecosystem safety, reminding them that “USDt is the most used stablecoin in the world, with hundreds of millions of users across primarily emerging markets and developing countries.”
Garlinghouse responded to that to refute Ardoino’s allegations and deny that he attacked the largest stablecoin issuer on the market.
Mow also reminded the community that in 2022, Ripple (its cofounder Chris Larsen in particular) provided $5 million to Greenpeace to start a campaign against Bitcoin. The goal was to make BTC move away from the energy-consuming proof-of-work algorithm.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
