World

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 <p>The CEO of Ripple Labs says that the company behind the biggest stablecoin by market cap could be the next target of US government regulators.</p>
 <p>In an interview with the World Class YouTube channel last week, Ripple Labs head Brad Garlinghouse warned that crypto’s next “black swan event” could involve the space’s leading stablecoin, USDT.</p>
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 <p><em>“Do I think there’s going to be another Black Swan event? Of course. 100%. I just don’t know exactly what it is. </em><em>The only one that’s going to be an interesting one to watch — and I don’t even know [if this is] a Black Swan because I feel like a Black Swan, by definition, can’t really be predicted — But, yeah, the&nbsp;US&nbsp;government is going after Tether, like that is clear to me.&nbsp;</em></p>
 <p><em>I view Tether as&nbsp;a very important&nbsp;part of the ecosystem&nbsp;and&nbsp;I&nbsp;don’t know how to predict the impact that will have on the rest of the ecosystem.”</em></p>
 <p>A black swan event is a rare and unforeseen event with severe and widespread consequences for financial, or in this case, crypto markets.</p>
 <p>Early on Monday, Tether CEO Paolo Ardoino took to the social media platform X today to address Garlinghouse’s comments.</p>
 <p><em>“A uninformed CEO, leading a company being investigated by the SEC (U.S. Securities and Exchange Commission), launching a competitive stablecoin (cui prodest?), is being reported spreading fear about USDt.”</em></p>
 <p>Ripple announced&nbsp;plans to launch a USD-pegged stablecoin earlier this month.</p>
 <p>Ardoino highlights Tether’s mission to ensure a safe financial ecosystem for all users, citing stability, liquidity, custodianship, and compliance as key pillars for trust.</p>
 <p><em>“While I have revealed in many interviews the following information, most mainstream media newspapers evidently refuse to report such data.&nbsp;Unfortunately, the narrative&nbsp;that&nbsp;they are most interested in spreading is&nbsp;sensationalistic&nbsp;against the usage of stablecoins and cryptocurrencies&nbsp;across the world, likely to protect the old guard of the financial establishment.”</em></p>
 <p>Last month, Tether said it&nbsp;worked&nbsp;with the FBI and the&nbsp;US&nbsp;Department of Justice (DOJ) to take $1.4 million in USDT from a “scam network.”</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-ceo-brad-garlinghouse-says-us-government-going-after-tether-paolo-ardoino-responds-tbt88227.html">https://thebittimes.com/ripple-ceo-brad-garlinghouse-says-us-government-going-after-tether-paolo-ardoino-responds-tbt88227.html</a></p>

Ripple CEO Brad Garlinghouse Says US Government Going After Tether – Paolo Ardoino Responds

TheBitTimes

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