Tether Shuts Down Stablechain Rumors: No Plans for Own Blockchain

Tether CEO Paolo Ardoino has denied claims that the company is building its own blockchain for USDT, despite being grouped with other stablecoin issuers in a $1 billion stablechain push.

Ardoino took to social media on August 15 to reject the idea that Tether's investments in Plasma and Stable, two separate blockchain projects built around stablecoin transfers, signal a proprietary blockchain strategy.

Tether remains agnostic and supports many transport layers for its stablecoins, Ardoino wrote. This approach keeps USDT distributed across networks that Tether does not control, with Tron (TRX) and Ethereum (ETH) carrying most of the token's supply.

The model gives Tether flexibility to respond across networks, including when it froze USDT on Tron in coordination with the U.S. Office of Foreign Assets Control.