Tether CEO Paolo Ardoino Denies Reports of Company Building Its Own Blockchain

BitcoinWorld Tether CEO Paolo Ardoino Denies Reports of Company Building Its Own Blockchain Tether CEO Paolo Ardoino has publicly denied recent reports suggesting that the company behind the world’s largest stablecoin, USDT, is developing its own blockchain.

The denial comes in response to a market analysis report that claimed Tether was working on a so-called ‘stablechain.’ Background: The ‘Stablechain’ Speculation The speculation began when a market analysis report, cited by BeInCrypto, suggested that Tether was exploring the creation of its own blockchain network.

Such a move would have been significant, as Tether currently operates primarily on multiple existing blockchains, including Ethereum, Tron, and Solana, among others.

A proprietary blockchain could potentially reduce transaction costs and increase control over the stablecoin’s infrastructure.