- Tether CTO Paolo Ardoino was recently called out by a crypto influencer on X.
- The influencer took issue with Bitcoin maximalists supporting Tether and its USDT stablecoin.
- Ardoino has been seen defending USDT amid critical articles by legacy media like WSJ.
Not Tiger Global, a crypto influencer on X (formerly Twitter), recently called out Paolo Ardoino, the chief technology officer at stablecoin giant Tether. The influencer highlighted Ardoino’s recent attempts to defend the Tether USD (USDT) stablecoin amid critical reports by legacy media firms like the Wall Street Journal and Bloomberg.
Tron founder Justin Sun recently took to X to highlight an interview featuring Paolo Ardoino, where the latter was seen addressing the controversies surrounding Tether and USDT. Sun reiterated Tron’s support for Tether to collaborate on cost-effective and decentralized stablecoin solutions for emerging markets.
Responding to the Tron founder’s comments, Not Tiger Global told his followers that Tether was a “shitcoin running on shitcoins that is supported by purported shitcoin haters”. The crypto influencer highlighted the irony of Bitcoin maximalists supporting USDT, given that the stablecoin predominantly ran on Ethereum (ERC 20) and Tron (TRC 20).
According to Not Tiger Global, Paolo Ardoino’s recent appearance in interviews was an attempt to defend Tether and its flagship crypto product from controversies and critical reports. The crypto influencer indicated that Tether was engaged in fraudulent activity via its USDT stablecoin, and was being supported by industry giants like Justin Sun.
Tether and USDT are often highlighted in scathing reports by legacy media firms including Bloomberg and WSJ. The news giants previously reported the stablecoin firm’s questionable operations and corporate structure. The WSJ’s latest report on Tether highlighted that the latter was lending against USDT despite pledging to stop such loans.
Last week, Paolo Ardoino called out the WSJ and Bloomberg for publishing articles based on unconfirmed information. The Tether executive also accused the WSJ of falsely claiming to cite a Tether employee in its latest report.
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