The Chief Executive Officer of Tether Paolo Ardoino publically responds to blockchain rumors once more. Ardoino denied rumors through an X platform statement on Feb. 5, that Tether would build its own blockchain.
He made this statement to shut down rumors after crypto influencer Ansem launched crypto industry discussions about Tether’s blockchain entry possibilities.
Recent news shows this is not the first time Tether has rejected stories about its future plans. In November 2024 Ardoino stated publicly that Tether does not intend to establish its own blockchain network.
Tether’s Multi-Chain Presence Strengthens Stablecoin Adoption
The company actively expands USDT stablecoin support on various blockchains without seeking to develop its own blockchain network. The company pursues multiple partnerships to let people move funds without limits while remaining true to decentralized blockchain standards.
The company wants to link blockchain projects together instead of creating a closed network according to Ardoino. Tether sticks with this strategy because it helps the company be ready for future changes in digital currency technology.
Due to its role as the top stablecoin issuer with USDT products Tether has built up a $141 billion value in markets across ten major blockchain platforms including Ethereum, Solana, Tron, and Avalanche. Data from DefiLlama shows that USDT holds 63.85% of stablecoin market dominance thanks to its widespread use.
Tether Prioritizes AI Over Blockchain Development
Despite most crypto firms working on blockchain development Tether devotes resources to artificial intelligence research and development. The organization wants to make AI applications work like a Bitcoin wallet helper plus instant translator and voice control tools. Our new products meet user needs through secure and private systems.
Tether registered an exceptional $13 billion profit for 2024 while continuously developing its services. The company established new global financial standards by earning maximum profits as Electric Capital co-founder Avichal Garg confirms that Tether stands first in employee profitability.
Despite industry rivals and market speculations Tether devotes its energy to AI developments and leading edge technologies. The company will advance further its market leadership in stablecoins while protecting privacy through new technology developments.
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