Tether CEO Paolo Ardoino accuses rivals of using legal and regulatory tactics to destabilize the stablecoin issuer, targeting its operations in the US. He emphasizes Tether’s role in providing access to the US dollar for millions in developing countries and vows to protect users from potential negative impacts. US regulations on stablecoins could favor US-based issuers and threaten the international competition. Ardoino warns against restrictions that could harm Tether’s operations and the dominance of the US dollar.

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