Tether CEO denies rumours of launching its own blockchain
Tether CEO dismisses blockchain launch rumors, emphasizing multi-chain integration.
Tether CEO Paolo Ardoino dismissed rumors that the stablecoin issuer is planning to launch its own blockchain, stating unequivocally that Tether is not developing a proprietary network.
In response to a query from crypto personality Ansem on X, Ardoino simply replied, “NO”, reports Cryptopolitan.
Focus on Multi-Chain Integration
Ardoino explained that Tether is committed to supporting USDT’s integration across more than a dozen existing blockchain networks rather than building its own chain. “Simply different independent L2 solutions are working to support $USDt for gas fees,” he noted, emphasizing that neutrality and collaboration are central to Tether’s operations.
While many market observers speculate that launching a Tether chain could enable gas fee payments in USDT, Ardoino pointed out that some Layer-2 solutions might already fulfill that role. Furthermore, Tether is set to integrate USDT into the Bitcoin base layer and Lightning network soon, further expanding its reach without compromising its core philosophy of interoperability.
Diversification into Artificial Intelligence
In addition to its multi-chain strategy, Tether is placing significant emphasis on artificial intelligence as a key area of innovation. Amid ongoing rumors about launching a blockchain—which have recurred as recently as November 2024—Ardoino has consistently debunked such claims while outlining Tether’s alternative focus.
The firm is actively developing its open-source AI software development kit (SDK) platform, Tether Data, designed to run locally on any device from budget mobile phones to high-performance computers. In parallel, Tether is building Keet, a peer-to-peer chat application powered by Holepunch technology, to enhance user engagement and streamline communications within its ecosystem.
Implications for the Crypto Landscape
Tether’s strategic pivot away from launching its own blockchain toward enhancing integration and investing in AI reflects a broader trend among crypto firms seeking to innovate without fragmenting the market. By leveraging existing blockchain infrastructure and advancing AI capabilities, Tether aims to maintain its market leadership while supporting industry-wide interoperability and efficiency. As Tether finalizes its European strategy and continues to evolve its technological offerings, market watchers will be keenly observing how these initiatives shape the future of stablecoins.
Recently we wrote, that Tether disappointed by USDT delisting in Europe due to MiCA regulations.
