Tether CEO Denies Blockchain Plans as USDT Supply Grows
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6 Articles
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Tron Weekly JournalTether CEO Denies Blockchain Plans as USDT Supply Grows
Tether CEO Paolo Ardoino has denied reports that the company plans to launch its own blockchain, reaffirming its blockchain-agnostic approach to USDT. The company instead continues expanding the stablecoin across external networks while strengthening its financial reporting and reserve transparency.
According to ChainCatcher, Tether CEO Paolo Ardoino stated that Tether currently has neither built any blockchain nor plans to do so. The company will continue to maintain chain neutrality and support multiple blockchains as USDT transfer networks.
Tether will not launch his own blockchain. Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin on the market, has denied this Saturday an analysis of CoinMarketCap that placed the company in the race of stablechains. They are networks created with a single objective: to move digital dollars economically. The matter matters more than it seems because Tether issues USDT, the most capitalized stablecoin in the world, a cryptoactive d…
Tether CEO Paolo Ardoino Denies Reports Of Company Building Its Own Blockchain
BitcoinWorld Tether CEO Paolo Ardoino Denies Reports of Company Building Its Own Blockchain Tether CEO Paolo Ardoino has publicly denied recent reports suggesting that the company behind the world’s largest stablecoin, USDT, is developing its own blockchain. The denial comes in response to a market analysis report that claimed Tether was working on a so-called ‘stablechain.’ Background: The ‘Stablechain’ Speculation The speculation began when a…
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