Stablecoin Wars: Tether takes massive swipe at Ripple
Not long after blockchain company Ripple announced that it would launch its own stablecoin, pitting it against the likes of Tether (USDT) and Circle, the issuer of USD Coin (USDC), the Tether team made a snarky comment suggesting its competitor had been unsuccessful in its stablecoin endeavors so far. As it happens, Ripple CEO Brad Garlinghouse earlier told CNBC that his company decided to introduce the stablecoin in response to the ‘depegging’ of rival firms’ assets and that the competition was no deterrent, to which a Tether spokesperson replied that: “We wish Ripple’s team would have more success with their new stablecoin than they had so far.” Picks for you Opportunity? Will the 'Banana Zone' ignite a major altcoin bull run? 23 mins ago 2 cryptocurrencies to reach $50 billion market cap in May 34 mins ago Boom or bust? Experts reveal Bitcoin price that will determine its fate 43 mins ago Top 10 cryptocurrencies by development activity headi...