Tether Denies Proprietary Blockchain Plans Amid Regulatory Pressure

Tether CEO Paolo Ardoino has denied rumors that the company is planning to launch its own blockchain, dismissing speculation about a proprietary blockchain strategy. This move comes as Tether faces pressure from regulatory bodies in Europe under MiCA regulations, including Revolut's USDT delisting.

Ardoino clarified the company's stance on X, stating 'Tether is NOT building any blockchain nor has plan to build one. We remain agnostic and support many transport layers for our stablecoins.' This statement comes after CoinMarketCap published research grouping Tether with Stripe and Circle in a broader push to build stablecoin-focused payment networks.

Tether's sheer scale gives any infrastructure question significant weight, with the company reporting $1.5 billion in net operating profit for the second quarter of 2026, alongside more than 60% stablecoin market share. USDT's market capitalization sits near $183 billion, and the token circulates across dozens of blockchain networks including Ethereum, Tron, and Solana.