In a recent development within the Tether-XRP dispute, Ripple CEO Brad Garlinghouse has taken a step back following his controversial remarks. Garlinghouse asserted that the US government was targeting Tether (#USDT), sparking a response from Tether CEO Paolo Ardoino, who accused Garlinghouse of spreading unfounded fear about USDT while noting Ripple's ongoing SEC investigation and plans to launch a USDT competitor.

However, Garlinghouse clarified in a podcast that he views Tether as crucial for the crypto ecosystem and expressed uncertainty about the potential impact of US regulatory action on Tether. After Ardoino's rebuttal, Garlinghouse published a response, emphasizing that his intention was not to attack Tether but to highlight the US government's scrutiny of dollar-based stablecoin companies, with Tether being a major target. He reiterated Tether's importance for the ecosystem.

This exchange underscores the complex dynamics between Ripple and Tether amid regulatory uncertainties, with both CEOs emphasizing the significance of stablecoins in the crypto space.

#Ripple #Tether #USDT #RegulatoryConcerns #CryptoEcosystem #BTC #XRP