Bitcoin maximalist Samson Mow, who is the former CSO of Blocktream and now the chief executive at Jan3, has published a tweet to take a jab at Ripple after its boss Brad Garlinghouse had stated that he believes the SEC is going after Tether now.
Mow quoted the response issued by the Tether/Bitfinex CTO Paolo Ardoino to Garlinghouse to criticize Ripple not only for “spreading FUD” about Tether but also doing the same with Bitcoin earlier.
Tether CTO responds to Brad Garlinghouse’s Tether statement
During his recent appearance at the “World Class” podcast hosted by Chris Vasquez, the Ripple chief executive officer Brad Garlinghouse issued an important warning about the American regulator SEC and a leading in the stablecoin industry Tether.
Garlinghouse shared his view on their relationship, saying that the US government (and the SEC being its direct representative) is going after Tether and its popular stablecoin USDT that runs on multiple blockchains and has several versions backed by different fiat currencies and gold.
The Ripple CEO also said that he views this company as a very important part of the ecosystem.
Paolo Ardoino then responded to this statement made by the Ripple boss. The Tether CTO called him an “uninformed CEO”. Ardoino also pointed out that Ripple has recently announced its plans to launch their own stablecoin thus aiming to directly compete with Tether.
Paolo Ardoino then chose to give the crypto X community an update on Tether USDT ecosystem safety, reminding them that “USDt is the most used stablecoin in the world, with hundreds of millions of users across primarily emerging markets and developing countries.”
Garlinghouse responded to that to refute Ardoino’s allegations and deny that he attacked the largest stablecoin issuer in the market.
Samson Mow goes at Ripple for spreading FUD
Jan3 boss Samson Mow took to his X account to support Ardoino and take a jab at Ripple. He stated that this San-Francisco-based blockchain company is “actively spreading FUD about Tether” in order to “try and get traction on their own stablecoin.”
So Ripple, who paid Greenpeace $5 million to FUD #Bitcoin, is now actively spreading FUD about Tether to try to get traction on their own stablecoin. Not a surprise at all. https://t.co/yTP91GOKLk
— Samson Mow (@Excellion) May 13, 2024
Mow also reminded the community that in 2022, Ripple (its co-founder Chris Larsen in particular) provided $5 million to Greenpeace to start a campaign against Bitcoin. The goal was to make BTC move away from the energy-consuming Proof-of-Work algorithm.
