Tether CEO Speaks Out Against Competitor’s Stablecoin Strategy

Tether CEO Paolo Ardoino recently voiced his opinions about competitor strategies on social media platform X, using a metaphorical comparison to describe their approach. In a post, he likened the strategies of certain companies to ‘moths to a flame,’ likely referring to Circle, which has launched its stablecoin L1 blockchain, ARC. This comment highlights the competitive landscape within the stablecoin market between Tether and Circle.