Ardoino Shoots Down Stablecoin Blockchain Rumors

Tether CEO Paolo Ardoino has denied claims that the company is developing its own blockchain network, dubbed a 'stablechain', to support the use of USDT.

The rumors surfaced after an analysis report suggested Tether was creating its own private blockchain to reduce dependence on existing networks and gain more control over the stablecoin ecosystem.

Ardoino stated on social media that these claims are untrue, emphasizing that Tether is not developing any blockchain and has no such plans.

The company's strategy remains to operate on different blockchain networks, including Ethereum, Tron, Solana, Avalanche, and TON, allowing users to choose the infrastructure that best suits their needs in terms of transaction costs and speed.