US Administration is Targeting Stablecoin USDT: Brad Garlinghouse
- Ripple CEO Brad Garlinghouse said that the US government is coming after Tether.
- The executive said that he can’t predict the impact that the crackdown will have.
- Ripple is seeking to debut its own stablecoin backed by the US dollar.
The chief executive of American blockchain payments firm Ripple, Brad Garlinghouse, stated recently that the United States government, under the leadership of President Joe Biden, is going after Tether, the issuer of the largest stablecoin by market capitalization, USDT.
In a post on social media platform X, Garlinghouse noted that he believes USDT and Tether to be an important part of the crypto ecosystem and doesn’t “know how to predict” the impact that the US government’s crackdown on the stablecoin “would have on the rest of the ecosystem.”
In an interview, Garlinghouse talked about multiple events that are currently going on in the digital asset sector, including Binance founder Changpeng Zhao’s arrest and the existing threat to Bitcoin from a technological standpoint.
It is important to note that the American government found information …
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