Paolo Ardoino flexes 'top-tier custodians' in Tether v. Ripple stablecoin beef
Ripple chief exec Brad Garlinghouse recently expressed his view via the World Class podcast that the “US Government is going after Tether ” before emphasizing how important it is to the ecosystem. This comment received a response from Tether CEO Paolo Ardoino on X (formerly Twitter), who attributed the comments from Garlinghouse to “An uniformed [sic] CEO, leading a company being investigated by the SEC, launching a competitive stablecoin (cui prodest).” Ripple announced last month that it intended to launch a US dollar-pegged stablecoin. In his lengthy tweet, Ardoino also emphasized that Tether has “proved over time to have… top-tier custodians and profound compliance.” Read more: The rise and fall of Crypto Capital Corp, crypto’s premiere shadow bank For context re these ‘top-tier custodians,’ Tether once gave nearly a billion dollars of commingled client and corporate funds to an unlicensed money transmitter accuse...