The CEO of Tether responded to the stories of the CEO of Ripple about the upcoming sanctions of the US authorities against the issuer of the most popular stablecoins and a possible ban on the circulation of USDT.

Paolo Ardoino regrets that his colleague in the crypto industry Brad Garlinghouse, whose company Ripple is under severe pressure from US regulatory agencies, allowed himself to publicly spread rumors.

Ardoino interpreted sounded in an episode of the World Clas podcast, Garlinghouse's statement was a targeted move by a competitor promoting Ripple's own stablecoin in the US market, where Tether controls about 60%.

According to the head of Tether, Garlinghouse is spreading rumors at a critical moment when the US government is strengthening control over the crypto industry and the circulation of all stablecoins, including USDT.

“Although I have disclosed information about the reserves and reliability of USDT in many interviews, most mainstream media outlets refuse to report such data. Unfortunately, the version they are most interested in spreading is sensationalist in nature and is directed against both the use of stablecoins and all cryptocurrencies around the world,” complained the offended businessman.

Tether, using the transparency of blockchain technology and cooperation with law enforcement agencies around the world, can meet all the requirements of US regulatory agencies, the head of the company assures.

Earlier, Paolo Ardoino, in an interview with DL News, said that large auditing companies in the world, members of the so-called “Big Four” (Deloitte, PwC, EY and KPMG), are afraid to work with Tether because they are afraid of damaging their reputation for associating with representatives of the crypto industry .