Ripple CEO Brad Garlinghouse Shares Photo with Tether CEO Paolo Ardoino

Ripple CEO Brad Garlinghouse recently shared a photo with Tether CEO Paolo Ardoino.

The two influential cryptocurrency executives participated in the launch of the Commodity Futures Trading Commission’s (CFTC) new collateral and stablecoin initiative, alongside other notable industry figures, including Crypto.com CEO Kris Marszalek.

> CRYPTO SPRINT: @CFTC launches tokenized collateral and stablecoins initiative with industry partners. It’s the killer app to modernize markets and make dollars work smarter and go further, unleashing U.S. economic growth by lowering costs 🇺🇸 @circle @coinbase @cryptocom… pic.twitter.com/VLCeGNS6K5
> — Caroline D. Pham (@CarolineDPham) September 23, 2025

CFTC head Caroline Pham stated in a social media post, “It’s the killer app to modernize markets and make dollars work smarter and go further, unleashing U.S. economic growth by lowering costs.”

Crypto Feud

As reported by U.Today, Garlinghouse ignited a brief feud with Ardoino by declaring Tether could be crypto’s next “black swan event,” claiming that the U.S. government is currently targeting the leading stablecoin issuer.

Ardoino replied, arguing that Garlinghouse was “an informed CEO” whose own company is under investigation by the U.S. Securities and Exchange Commission.

Growing Rivalry

U.Today also reported that Tether, the world’s largest stablecoin issuer, recently announced a new U.S.-regulated stablecoin called “USAT,” which will compete with Ripple’s RLUSD, introduced last year.