Tether CEO Accuses Rival Stablecoin Issuers of Hindering USDT’s Growth
Tether remains the most popular stablecoin for remittances and banking access in growing regions. Paolo Ardoino, the CEO of Tether, has accused competitor stablecoin issuers of restricting USDT’s expansion through regulatory pressure. He criticized rivals for using legal means to prevent Tether from accessing US Treasury securities. The debate started when US lawmakers suggested new
Bradley Nelson3 min read
Tether remains the most popular stablecoin for remittances and banking access in growing regions.
Paolo Ardoino, the CEO of Tether, has accused competitor stablecoin issuers of restricting USDT’s expansion through regulatory pressure. He criticized rivals for using legal means to prevent Tether from accessing US Treasury securities.
The debate started when US lawmakers suggested new stablecoin rules that might impact foreign issuers. According to Ardoino, online platforms, institutional payment systems, and thousands of kiosks across Africa and South America are the three main sectors that Tether serves.
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