Tether does not plan to create its own blockchain — clarification from the CEO
Tether CEO Paolo Ardoino has categorically refuted rumors about a potential launch of its own blockchain network. In response to a recent analytical report, where the USDT stablecoin issuer was mistakenly classified among developers of infrastructure solutions, the company's head gave a clear and unequivocal comment.
According to Ardoino, Tether has neither current projects nor strategic intentions to create an independent blockchain. This statement was a reaction to a publication in which the study's authors made a factual error by including the company in the list of network developers. After clarification from management, the material was promptly corrected.
Such a position looks quite logical from the perspective of Tether's business model. The issuer of the largest stablecoin has historically bet on multichain integration, ensuring USDT liquidity across dozens of various platforms—from Ethereum and Tron to more niche networks. Creating its own blockchain would require enormous resources for validation, security, and attracting developers, which would distract from the core focus—maintaining stability and trust in the stablecoin.
Moreover, in current market conditions, where competition among Layer-1 and Layer-2 solutions is extremely high, the entry of a new player without a clear technological advantage would be fraught with serious risks. Tether, by contrast, benefits from neutrality, remaining an independent issuer operating on top of existing infrastructure.
My analysis: Refusing its own blockchain is a strategically sound move. Instead of spreading efforts across creating a network with an uncertain future, Tether consolidates resources on strengthening USDT's position as a global settlement tool. In an era of tightening regulatory requirements for stablecoins, such a focus on core activities looks more sustainable than experiments with infrastructure.