Tether CEO Shuts Down Blockchain Rumors

BeInCrypto Editorial

(01:36 PM UTC)

1 min read

Tether CEO Paolo Ardoino says the company is not building a Tether blockchain and has no plans to launch one, rejecting a widely shared analysis that put the stablecoin issuer inside a $1 billion race.

Ardoino posted the Tether denial on Saturday, one day after CoinMarketCap published research on so-called stablechains. Those networks exist for one job, moving digital dollars cheaply.

Why the…

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BeInCrypto Editorial · BeInCrypto

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