Tether does not plan to launch its own blockchain — clarification from the CEO
In recent days, a stir has arisen around Tether, the issuer of the largest stablecoin USDT, caused by an erroneous classification of the company in one of the industry reviews. Tether CEO Paolo Ardoino was forced to publicly refute assumptions that the firm is developing its own blockchain infrastructure.
In his statement, Ardoino emphasized that Tether is not creating and does not intend to create its own network. This is a direct refutation of data that appeared in an analytical piece, where the USDT issuer was mistakenly classified as a blockchain developer. Following the company head's reaction, the study's authors promptly made corrections to their publication, eliminating the inaccuracy.
It is worth noting that such classification errors regarding major market players are not uncommon, but in Tether's case, they are particularly sensitive. The company has long been building its ecosystem on partnerships with dozens of blockchains, including Ethereum, Tron, Solana, and others, making it a neutral player interested in multichain compatibility rather than creating its own infrastructure.
My analysis of the situation shows that Tether's approach is strategically justified. Launching its own blockchain would require colossal resources and create a conflict of interest with existing partners, which could undermine trust in USDT as a universal liquidity tool. Instead, the company continues to focus on expanding integrations and strengthening the stablecoin's position as a bridge between various networks.
Nevertheless, the very fact of such rumors emerging underscores the high level of attention to Tether's actions and the market's vulnerability to disinformation. Investors and analysts should exercise caution and verify data from primary sources before drawing conclusions about the strategic moves of key industry players.