- Bitcoin maximalist Samson Mow criticizes Ripple for spreading FUD about Tether and Bitcoin.
- Ripple CEO Brad Garlinghouse warns about the SEC going after Tether.
- Tether CTO Paolo Ardoino responds, calling Garlinghouse an “uninformed CEO”.
Amidst rising tensions in the crypto world, Ripple and Tether are at odds, with Bitcoin maximalist Samson Mow stepping in to criticize Ripple’s actions.
Tether CTO responds to Brad Garlinghouse’s Tether statement
Recently, Ripple CEO Brad Garlinghouse expressed his concerns about the SEC’s potential actions against Tether during an appearance on the “World Class” podcast. He warned that the US government, represented by the SEC, is targeting Tether and its popular stablecoin USDT. Garlinghouse also acknowledged Tether’s significant role in the crypto ecosystem.
In response, Tether CTO Paolo Ardoino criticized Garlinghouse, calling him an “uninformed CEO”. He pointed out that Ripple recently announced plans to launch their own stablecoin, which would directly compete with Tether. Ardoino also reassured the crypto community about Tether USDT’s safety, emphasizing its widespread use, particularly in emerging markets and developing countries.
Samson Mow goes at Ripple for spreading FUD
Samson Mow, the former CSO of Blockstream and current CEO of Jan3, supported Ardoino’s stance and criticized Ripple. He accused the San Francisco-based blockchain company of spreading FUD about Tether in an attempt to gain traction for their own stablecoin.
Mow also brought up Ripple’s past actions, reminding the community that Ripple co-founder Chris Larsen provided $5 million to Greenpeace in 2022 to start a campaign against Bitcoin. The campaign aimed to push Bitcoin away from the energy-consuming Proof-of-Work algorithm.
Conclusion
This recent clash between Ripple and Tether, with Samson Mow intervening, highlights the ongoing tensions and competition within the crypto industry. As Ripple plans to launch its own stablecoin, it remains to be seen how these dynamics will evolve and what impact they will have on the broader crypto market.
