Craig Wright, the self-proclaimed creator of Bitcoin, and co-founder of BSV (Bitcoin SV), has launched an attack on Tether stablecoin. In a recent interview with a leading news outlet, Wright claimed that Tether was a "dead coin walking" and criticized its lack of transparency.
This comes in the wake of recent moves by the US Securities and Exchange Commission (SEC) to tighten regulations around stablecoins. The SEC has warned that some stablecoins may be securities under federal law and subject to regulation.
Wright's comments are expected to add fuel to the ongoing debate surrounding stablecoins' legitimacy as a reliable form of cryptocurrency. Critics argue that these coins can be used for money laundering or other illegal activities due to their lack of transparency.
During the interview, Wright also took aim at major cryptocurrencies such as Bitcoin and Ethereum, stating that they were not secure enough for widespread use. He went on to claim that his own cryptocurrency project BSV offered superior security features compared to its competitors.
Despite his claims about BSV's superiority, it is worth noting that many in the crypto community remain skeptical about Wright's claims regarding his involvement with Bitcoin's creation.
As for Tether, it remains one of the most widely-used stablecoins in circulation today despite concerns over its transparency. With regulatory scrutiny increasing around this type of digital asset, it remains unclear how this will impact Tether's future viability as well as those who rely on it for financial transactions.
In any case, Craig Wright's comments are sure to keep discussions within the crypto world lively for some time yet.