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Ripple CEO Brad Garlinghouse believes the U.S. government is targeting Tether, raising concerns about the potential impact on the crypto ecosystem, while Tether CEO Paolo Ardoino criticizes Garlinghouse's statements and defends the company's compliance efforts amidst Ripple's own legal challenges and upcoming stablecoin launch.
In his latest interview, Ripple CEO Brad Garlinghouse stated that the U.S. government's next target in the crypto space would be Tether (USDT). As the U.S. government has been working to bring stablecoin regulations, it could potentially go after dominant players like Tether.
In a scathing post on the X social media platform, Tether CEO Paolo Ardoino took an apparent shot at Ripple's Brad Garlinghouse after the former suggested that the US government is "going after Tether" during his recent podcast appearance.
Brad Garlinghouse highlights regulatory challenges for Tether and potential ripple effects in the cryptocurrency landscape.
Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an "interesting one to watch."
Ripple CEO warns of potential disruption from U.S. actions against USDT.
The U.S. government's probe into Tether rattles the cryptocurrency industry as concerns mount over transparency and potential wider impacts.
Ripple's CEO, Brad Garlinghouse, has voiced concerns that the U.S. government's scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments come amid apprehensions about Tether's alleged utilization by terrorist networks and nations under sanctions, such as Russia, aiming to circumvent U.S. economic sanctions. “The U.S.
Ripple CEO Brad Garlinghouse has warned that the US government is targeting Tether, the issuer of the largest stablecoin by market capitalization.
During a recent conversation with Chris Vasquez, the host of the "World Class," Ripple CEO Brad Garlinghouse issued a major warning about Tether, the largest stablecoin issuer.
Deutsche Bank questions the future of stablecoins, sparking a war of words with industry leader Tether.
Tether CEO Paolo Ardoino responded to Deutsche Bank analysts' questions about the company's solvency and the stability of its USDT stablecoin.
This strategic move enhances the shopping experience for crypto enthusiasts. It also leverages the high-speed and efficient Ton Network to facilitate smoother and more cost-effective transactions.
TL;DR Controversial exchange of statements between Tether and Deutsche Bank regarding the solvency of stablecoins. The German bank's report reveals that only 14% of price-fixing systems have survived, questioning the future of stablecoins. A survey revealed that only 18% of respondents expect stablecoins to thrive, while 42% expect them to disappear.
In a recent research note, Deutsche Bank analysts have raised concerns about the stability of the growing stablecoin market, particularly targeting Tether (USDT) and others for lacking transparency, reserve backing, and robust operational controls.
Tether, the stablecoin giant, has responded strongly to a critical report by Deutsche Bank that predicts potential instability in stablecoins, defending its transparency and stability mechanisms.
Tether, the largest stablecoin in the world, has slammed a recent Deutsche Bank report that questioned the stability of stablecoins and Tether's solvency.
Deutsche Bank Research has ignited a significant debate within the financial sector with its recent analysis of stablecoins. It also highlighted potential risks in the operations of Tether's USDT.
Research analysts at Deutsche Bank recently raised a red flag on the stablecoin market stating that most of the pegged currencies are likely to doom moving ahead. After studying nearly 334 currency pegs, Deutsche Bank found that only 14% of them have survived so far.
William Quigley, the co-founder of stablecoin giant Tether and decentralized exchange WAX, believes that the tokenization of fiat currencies is a groundbreaking innovation.
Slow Mist founder exposes TON phishing messages, which users tricked into believing they receive cheap USDT via TON message comments.
Deutsche Bank analysts warn of stablecoin risks, citing Tether's lack of transparency. The post Tether refutes Deutsche Bank research revealing stablecoin solvency risks appeared first on Crypto Briefing.
Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether's dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market.
Analysts at Deutsche Bank also argued Tether's solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank's own history with fines.
