Ripple CEO: There is no FUD on Tether, Tether is crucial in the crypto ecosystem

BlockBeats news, on May 13, in response to Tether CEO’s announcement that “a Tether competitor under SEC investigation is currently spreading FUD about Tether and USDT”, Ripple CEO Brad Garlinghouse said:

“I’m not FUDing Tether… What I said next in the podcast is that I think Tether is a very important part of the ecosystem. My view is that the US government has made it clear that they want more control over the issuers of stablecoins backed by the US dollar, so as the largest participant, Tether has become the focus of their attention.”