Contrary to recent assumptions in analytical circles, the issuer of the largest stablecoin USDT has no intention of launching its own blockchain infrastructure. Tether CEO Paolo Ardoino publicly refuted such expectations, emphasizing that the company is not developing its own network and does not consider such a scenario in the foreseeable future.
The reason for the clarification was a report from the authoritative data aggregator CoinMarketCap, in which Tether was mistakenly classified as a blockchain developer. The platform's analysts, apparently, rushed to conclusions by including the USDT issuer in the category of creators of infrastructure solutions. Ardoino reacted immediately, pointing out the factual inaccuracy, after which the authors of the publication corrected the data.
Tether's strategic position remains unchanged: the company focuses on issuing and maintaining the liquidity of its stablecoin, as well as expanding partnerships with existing blockchain platforms. USDT operates on numerous networks — from Ethereum and Tron to more niche solutions, and it is this multichain approach that ensures its dominance in the market.
Abandoning its own blockchain looks like a logical step. Creating and maintaining a new network requires enormous resources and creates risks of liquidity fragmentation, which contradicts Tether's core mission — ensuring instant and cheap transactions on a global scale. It is far more effective to integrate into existing ecosystems than to compete with them.
My analysis: Such incidents are not just a technical error, but a marker of market perception. Investors and analysts often attribute ambitions of vertical integration to major issuers. However, Tether demonstrates pragmatism: in conditions of high competition among L1 and L2 networks, launching its own blockchain would be strategically unjustified and would distract from the core business — managing reserves and the stability of USDT.