Tether CEO Accuses Competitors of Using ‘Lawfare’ Tactics to Stifle Growth

Paolo Ardoino, CEO of Tether, has accused rival stablecoin issuers of employing legal pressure and tactics to hinder the growth of USDT. He highlights that these competitors are attempting to block Tether’s access to U.S. Treasuries as a method to impede its expansion. This controversy arises amidst US lawmakers proposing new stablecoin regulations that could affect international issuers, creating uncertainty for the industry.