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Tether CEO denies plans to build a proprietary blockchain for USDT stablecoin.

Market News
15 Aug 2026
BeInCrypto
View Source
Neutral
Tether CEO denies plans to build a proprietary blockchain for USDT stablecoin.

Tether CEO Paolo Ardoino clarified that the company is not developing its own blockchain nor plans to launch one, contradicting a recent CoinMarketCap analysis that grouped Tether with other firms racing to build stablecoin-specific blockchains. Instead, 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.

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