CandleFocus Ripple CEO Warned About Tether “Black Swan Event” in 2024, Is It Happening?
2024-10-26
Author: Content Editor
Ripple CEO Brad Garlinghouse predicted a "Black Swan event" for Tether back in May 2024 during a podcast interview, speculating that the US government would go after the stablecoin. A recent report by the WSJ seems to support this forecast, but Tether CEO Paolo Ardoino vehemently denied the allegations. Tether deals regularly with law enforcement officials to prevent misuse of its stablecoin, according to Ardoino. The publication of the WSJ report briefly caused a dip in Bitcoin's price, but it quickly recovered.
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