Tether CEO Criticizes Competitor's Strategy on Social Media

According to Foresight News, Tether CEO Paolo Ardoino recently took to social media platform X to express his views on the strategies of certain companies. In his post, Ardoino likened these strategies to 'moths to a flame,' which appears to be a veiled critique of Circle, a competitor that has just launched its stablecoin L1 blockchain, ARC. This comment suggests a competitive tension between the two companies in the stablecoin market.