{"id":140670,"date":"2024-10-27T09:00:18","date_gmt":"2024-10-27T07:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140670"},"modified":"2024-10-26T18:52:37","modified_gmt":"2024-10-26T15:52:37","slug":"ripples-ceo-warns-of-potential-tether-crisis-amid-controversial-wsj-report","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripples-ceo-warns-of-potential-tether-crisis-amid-controversial-wsj-report\/","title":{"rendered":"Ripple&#8217;s CEO Warns of Potential Tether Crisis Amid Controversial WSJ Report"},"content":{"rendered":"<p>This prediction came amidst <strong><a href=\"https:\/\/cryptodnes.bg\/en\/breaking-u-s-authorities-are-investigating-tether\/\">reports<\/a> <\/strong>from the Wall Street Journal suggesting troubling developments for the company. However, Tether\u2019s CEO promptly dismissed these claims as \u201cunequivocally false.\u201d<\/p>\n<p>During his May 2024 discussion with Chris Vasquez on the \u201cWorld Class\u201d podcast, Garlinghouse expressed his belief that the U.S. government would intensify scrutiny of Tether, coinciding with Ripple\u2019s announcement of its new stablecoin, the Ripple U.S. Dollar (RLUSD).<\/p>\n<p>He cited past events like the FTX collapse and the legal troubles of Binance\u2019s CEO, Changpeng Zhao, as examples of unpredictable industry shifts, emphasizing that Black Swan events can emerge suddenly and unexpectedly.<\/p>\n[eradmore id=\u201d140612\u2033]\n<p>In response to the WSJ\u2019s report regarding a potential criminal investigation into Tether, CEO Paolo Ardoino <strong><a href=\"https:\/\/cryptodnes.bg\/en\/tether-ceo-denies-investigation-rumours\/\">stated<\/a> <\/strong>that the company consistently collaborates with law enforcement to thwart the misuse of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>by illicit actors.<\/p>\n<p>He asserted that Tether is not under investigation and characterized the article\u2019s claims as wildly inaccurate. While the initial release of the WSJ report briefly dipped Bitcoin\u2019s price to $66,000, the leading cryptocurrency quickly rebounded to surpass the $67,000 mark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent podcast appearance, Ripple CEO Brad Garlinghouse raised eyebrows when he predicted a potential &#8220;Black Swan event&#8221; involving Tether&#8217;s flagship stablecoin, USDT.<\/p>\n","protected":false},"author":3,"featured_media":23818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[426,72,260,108,71],"coin_category":[],"class_list":["post-140670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-binance","tag-bitcoin","tag-changpeng-zhao","tag-price","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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