Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Ripple CEO Warns Of A Legal Battle Between Tether And US Regulators
Key Points:
Ripple CEO warns US action against Tether could disrupt crypto sector. Tether, used to bypass sanctions and for money laundering, remains committed to compliance. Ripple plans to launch its own stablecoin.
Ripple CEO Brad Garlinghouse has raised concerns over the U.S. government’s potential actions against Tether (USDT), the issuer of the world’s most significant stablecoin, warning that such a move could significantly disrupt the cryptocurrency sector.
Ripple CEO’s Concerns Over Potential Actions Against Tether
Garlinghouse’s comments come amidst findings that USDT has been exploited by sanctioned countries and terrorist organizations to circumvent U.S. financial restrictions.
The U.S. Treasury Deputy Secretary, Adewale Adeyemo, noted Russia’s increased use of Tether to bypass economic sanctions.
In addition, a UN report highlighted the widespread use of cryptocurrencies, particularly USDT on the TRON blockchain, for money laundering.
Readmore: Ethereum Spot ETFs Approval Delayed Until 2025: Report
Ripple’s Intention to Launch Its Own Stablecoin
Despite these issues, Tether maintains its commitment to compliance standards and cooperation with law enforcement to fight illicit financial activities.
The company has even frozen addresses holding large amounts of its tokens implicated in unlawful activities. Tether’s USDT remains the top stablecoin by market capitalization, with a circulating supply of around $110 billion.
Source: CoinMarketCapMeanwhile, Ripple has announced its intention to launch its stablecoin, aiming to contribute to the XRPL eco and promote a more diverse crypto landscape.