Ripple CEO: The US government’s next target may be Tether
2024-05-13 01:02
Odaily News Brad Garlinghouse, CEO of Ripple, said in a recent interview that the next target of the US government is Tether, the stablecoin company responsible for the circulation of USDT stablecoins. He believes that Tether is an important part of the cryptocurrency market system, and he is not sure how this will affect other areas of the market. Some experts believe that the statement of the Ripple CEO is a very big insider report. If it really happens, there will be a very large selling pressure in the USDT stablecoin market, and the price of USDT may fall sharply at that time. (Bitcoinik) Earlier in January, in response to the recent allegations of the United Nations, Tether strongly questioned the description of its stablecoin USDT as the preferred tool of criminals. The recent report of the United Nations pointed out that Tether's USDT is involved in various illegal activities. The Tether team emphasized cooperation with global law enforcement agencies including DOJ, FBI and USSS. In addition, Tether said that the report ignored the key role of blockchain technology in detecting and preventing illegal activities. As a stablecoin issuer, Tether enables law enforcement to freeze illegal transactions, which is a capability that traditional assets do not have. The transparency of the public ledger is conducive to meticulous transaction tracking and provides a powerful tool for combating cryptocurrency-related crimes.
2025-11-08 13:36
Pakistan is considering issuing a rupee-backed stablecoin.
2025-11-08 13:13
Planet Evening News
2025-11-08 13:36
Pakistan is considering issuing a rupee-backed stablecoin.
2025-11-08 13:13
Planet Evening News
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