Tether Takes Dig at Ripple over Stablecoin Launch
Tuesday, 30 April 2024, 12:03
Rivalry Escalates in Stablecoin Market
Not long after blockchain company Ripple announced its stablecoin launch, Tether made a snarky comment regarding the competition.
CEO's Response to 'Depegging'
Ripple CEO introduced the stablecoin in response to the actions of rival firms, downplaying Tether's remarks.
Questionable Investments
Analysts criticize Tether's $200M investment in Blackrock Neurotech, a move beyond typical crypto ventures.
Strategic Shift
Tether plans to explore AI and other sectors, diverting from its traditional USDT operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.