Tether CEO: JPMorgan's claim about USDT's dominant position is very "hypocritical"

According to DL News, a previous report by JPMorgan analysts stated that Tether's (USDT) dominant position is too strong and faces risks from the constantly changing regulatory environment in Europe and the United States. Tether CEO Paolo Ardoino refuted JPMorgan's statement, calling this financial services giant "hypocritical".

 

Ardoino said: "Tether's market dominance may be 'negative' for competitors, including those banking competitors hoping to achieve similar success. But for the markets that need us most, it has never been negative. The claim of increasing centralization made by JPMorgan seems quite hypocritical."