Tether Denies Plans for Proprietary Blockchain Amid Stablecoin Competition

Tether CEO Paolo Ardoino has denied plans to build a proprietary blockchain for its USDT stablecoin. This contradicts a recent analysis by CoinMarketCap that grouped Tether with other firms racing to create stablecoin-specific blockchains.

Ardoino stated that Tether continues to operate USDT on existing networks like Tron and Ethereum, paying billions in fees but maintaining broad liquidity and regulatory flexibility.

This strategy allows Tether to keep USDT widely distributed across multiple platforms, even as competitors like Circle gain ground in certain markets. The denial highlights Tether's choice to prioritize reach and adaptability over capturing blockchain transaction fees directly.