Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC

“In the early days of Tether, people were expecting it to blow up any day, and they felt like it was really sketchy,” said Schwartz. But now, “if you’re Tether, it wouldn’t make sense for you to run off with people’s money,” said Schwartz. “Even if that was your plan, you’d wait to do it” because “the market is only growing.”

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