Ardoino Denies Tether Blockchain Network Development Allegations

Tether CEO Paolo Ardoino has denied allegations that the company is developing its own blockchain network to support the USDT stablecoin.

The claims, which suggested Tether was creating a private 'stablechain' to reduce dependence on existing networks and gain control over the stablecoin ecosystem, have been met with skepticism by market experts.

Ardoino stated on social media that these claims are untrue, emphasizing that the company's strategy is to continue operating on different blockchain networks such as Ethereum, Tron, Solana, Avalanche, and TON.