Ripple CEO Brad Garlinghouse and Tether CEO Paolo Ardoino attended the U.S. Commodity Futures Trading Commission's (CFTC) launch event for its new tokenized collateral and stablecoin initiative. The event, also attended by Crypto.com's Kris Marszalek, marks a significant moment as it follows a public dispute between Garlinghouse and Ardoino. Garlinghouse had previously labeled Tether a potential 'black swan,' while Ardoino criticized Ripple's ongoing SEC investigation. The meeting's timing is particularly noteworthy as Tether has recently launched its U.S.-regulated stablecoin, USAT, which is set to compete directly with Ripple's RLUSD. This development highlights the competitive landscape in the stablecoin market, with both companies vying for regulatory approval and market share.