Director General Tether Paolo Ardoino said that the company's competitors are using legal and regulatory methods to destabilize the USDT stablecoin.
Our competitors' business model should be aimed at creating a better product and an even wider distribution network, but their real goal is to "kill Tether "Every business or political meeting they hold ends with this goal," he wrote on social media.
Ardoino noted that while his statement may seem like an "exaggeration," it is actually very serious.
This is a fact, and it is being independently reported by hundreds of people inside and outside the digital asset industry who are in contact with the US administration,” he added.
Director General Tether emphasized that USDT has established itself as the largest stablecoin , backed by US dollars, allowing people around the world to easily access American currency.
Currently, USDT is used by 400 million people and every quarter this number increases by 35 million, Ardoino noted.
Chapter Publication Tether The move comes as the U.S. government is developing regulations on stablecoins that, according to several sources, could prevent offshore stablecoin issuers from gaining access to U.S. Treasury bills.
