Tether CEO Argues Competitors Using Lawfare to Stifle Stablecoin Growth

Paolo Ardoino, CEO of Tether (USDT), has accused competitors of employing a strategy known as ‘lawfare’ to impede the growth of their stablecoin business. Ardoino believes these rivals aim to eliminate Tether rather than fostering innovation through improved products. He points out that USDT’s success in facilitating US dollar dominance in emerging markets has made it an attractive target for attacks from other issuers, leading them to try and implement regulations.