Tether CEO Ardoino Gives Clear Response to Blockchain Allegations: “We Are Not Developing Our Own Network!”

A new claim about Tether, the issuer of $USDT, the world’s largest stablecoin, has attracted attention in the cryptocurrency market. While some analyses suggest the company is developing its own blockchain network, a type of “stablechain,” Tether CEO Paolo Ardoino has categorically denied these claims.

A circulating analysis report claimed that Tether is creating its own private blockchain to support the use of $USDT. The report suggested that the company is working on an independent infrastructure to reduce its dependence on existing networks and gain more control over the stablecoin ecosystem.

However, Tether CEO Paolo Ardoino stated on social media that these claims are untrue. Ardoino said that Tether is not developing any blockchain and has no such plans. The CEO emphasized that the company’s strategy is to continue operating on different blockchain networks.

Tether’s $USDT token is currently available on several different networks, including Ethereum, Tron, Solana, Avalanche, and TON. This multi-network approach allows users to choose the infrastructure that best suits their needs in terms of transaction costs and speed.

Market experts have suggested that Tether developing its own blockchain could lead to a significant shift in the stablecoin sector, but Ardoino’s statement seems to have put an end to such speculation for now.

On the other hand, Tether has recently been in the spotlight not only for its stablecoin activities but also for its investments in artificial intelligence, mining, and digital infrastructure. Despite this, company management emphasizes that maintaining $USDT’s ability to operate across different blockchains remains a priority. The cryptocurrency market continues to closely monitor Tether’s future strategic moves.

*This is not investment advice.