Tether's competitors are exerting increasingly more pressure to push the world's largest stablecoin issuer out of the crypto market

Tether's competitors are working to push the world's largest stablecoin issuer out of the crypto market, according to the company's CEO, Paolo Ardoino.

In the competitive landscape of the cryptocurrency market, Tether’s competitors are reportedly applying multifaceted pressure to gradually push the world’s largest stablecoin issuer out of the crypto domain.

According to internal correspondence among Tether employees, which was viewed by Blockworks and confirmed by a company spokesperson, several competitors are engaging in a coordinated effort to exert political pressure aimed at reducing Tether’s leading market share.

Moreover, a top crypto analyst has suggested that most cryptocurrencies may not experience a widespread “altcoin season” rally in 2025, but projects with strong fundamentals and revenue-generating models could out-perform the broader market.

Here’s a summary of some of the hottest topics in the DeFi market this week:

• Ardoino: Competitors and politicians intend to ‘kill Tether’

The world’s largest stablecoin issuer is facing pressure from competitors and politicians, who are trying to push Tether out of the crypto market, according to the company’s CEO, Paolo Ardoino.

In a Feb. 25 X post, Ardoino said that some crypto firms are using their market share to exert political pressure on U.S. lawmakers in a bid to reduce Tether’s market dominance.

“I’ll leave it to you to define a competitor trying to use lawfare to kill an opponent, instead of focusing on better products,” Ardoino added.

Tether will continue focusing on its mission to promote global financial inclusion, especially in underdeveloped economies, Ardoino said, noting that Tether tokens are used by over 400 million people and gain 35 million new wallets each quarter.

Ardoino’s comments follow Te