• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, September 3, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’

4 November 2024
in Tether
Reading Time: 2 mins read
A A
0
Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT

Related articles

Tether’s trade finance division funds first oil deal via USDT

Tether’s trade finance division funds first oil deal via USDT

8 November 2024
Tether hits .7 billion in profit YTD as reserves reach record high

Tether hits $7.7 billion in profit YTD as reserves reach record high

31 October 2024
Receive, Manage & Grow Your Crypto Investments With Brighty

Tether CEO Paolo Ardoino has dismissed recent speculation about the company’s plans to launch a proprietary blockchain network.

In a Nov. 3 post on X, Ardoino clarified that Tether does not intend to create its blockchain. He emphasized the company’s position by writing:

“Tether is not planning to build an official blockchain at this time.”

Tether, the issuer of USDT—the world’s largest stablecoin with a market cap of over $120 billion—operates across over ten blockchain networks. These include Ethereum, Solana, TON, Aptos, and Algorand.

Why Tether is not launching a blockchain network

Ardoino explained that Tether values “neutrality” and prefers not to centralize its operations through a proprietary blockchain. Instead, the company is focused on supporting USDT integration across existing networks, including support for gas fees.

Ardoino furthered Tether’s primary interest in partnerships with other companies and communities. He emphasized that the company’s mission is “Unstoppable TogETHER,” aligning with a collaborative approach rather than attempting to consolidate control under its chain.

Meanwhile, Ardoino didn’t rule out the possibility of launching a blockchain in the distant future. However, he noted that his statement was an attempt to “not exclude any possibility.”

Blockchain networks

Tether’s stance contrasts with a recent trend in the industry, where more firms are developing their own blockchain networks.

Centralized exchanges like Coinbase and Kraken have entered the space with their Ethereum layer-2 networks, Base and Ink, respectively. Similarly, the DeFi platform Uniswap introduced its scaling solution, Unichain, and the identity-focused crypto project World launched World Chain.

At the same time, other DeFi players like Aave are exploring network development tailored to their user communities.

However, critics like Sonic Labs co-founder Andre Cronje caution against the rush to build new networks. He highlights challenges such as high infrastructure costs, fragmented liquidity, and limited developer support, suggesting these factors may inhibit the widespread adoption of these proprietary networks.

Mentioned in this article

Credit: Source link

Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: BlockchainCEOLaunchingquashesSpeculationTetherTime
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Citi, Fidelity Exhibit Proof-of-Concept for Real-Time Forex Swap Onchain

Next Post

U.S. Election Winner Is Unlikely to Have Much Influence on Bitcoin’s Post-Result Rally, History Indicates: Van Straten

Related Posts

Tether’s trade finance division funds first oil deal via USDT

Tether’s trade finance division funds first oil deal via USDT

8 November 2024
0

Tether leveraged its USDT stablecoin to fund a $45 million crude oil transaction in the Middle East through its trade...

Tether hits .7 billion in profit YTD as reserves reach record high

Tether hits $7.7 billion in profit YTD as reserves reach record high

31 October 2024
0

Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7...

Tether slams WSJ report alleging US probe as ‘irresponsible reporting’

Tether slams WSJ report alleging US probe as ‘irresponsible reporting’

25 October 2024
0

 Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino’s clarification comes after a Wall...

US government-linked address likely exploited for over  million in crypto

US government-linked address likely exploited for over $20 million in crypto

24 October 2024
0

A hacker may have stolen over $20 million worth of crypto, including stablecoins and Ethereum (ETH), from a US government-controlled...

BlackRock eyes crypto derivatives market with BUIDL as collateral

BlackRock eyes crypto derivatives market with BUIDL as collateral

18 October 2024
0

BlackRock is reportedly in discussions with several centralized exchanges to allow its BUIDL fund to be used as collateral for...

Load More
Next Post
U.S. Election Winner Is Unlikely to Have Much Influence on Bitcoin’s Post-Result Rally, History Indicates: Van Straten

U.S. Election Winner Is Unlikely to Have Much Influence on Bitcoin's Post-Result Rally, History Indicates: Van Straten

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

3 September 2025
Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares – AInvest

Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares – AInvest

3 September 2025
Solana was down 70% at one point this year. Now, it's getting its mojo back – CNBC

Solana was down 70% at one point this year. Now, it's getting its mojo back – CNBC

3 September 2025
Federal Reserve to Host Payment Event, Stablecoins in Focus

Federal Reserve to Host Payment Event, Stablecoins in Focus

3 September 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • TRON Selected By US Department Of Commerce To Publish Economic Data Onchain
  • Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares – AInvest
  • Solana was down 70% at one point this year. Now, it's getting its mojo back – CNBC
  • Federal Reserve to Host Payment Event, Stablecoins in Focus
  • Price predictions 9/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI – Cointelegraph

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 112,259.00
  • ethereumEthereum (ETH) $ 4,465.21
  • xrpXRP (XRP) $ 2.85
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 854.51
  • solanaSolana (SOL) $ 209.30
  • usd-coinUSDC (USDC) $ 0.999716
  • staked-etherLido Staked Ether (STETH) $ 4,455.11
  • dogecoinDogecoin (DOGE) $ 0.221521
  • tronTRON (TRX) $ 0.341864
  • cardanoCardano (ADA) $ 0.840659
  • wrapped-stethWrapped stETH (WSTETH) $ 5,402.50
  • chainlinkChainlink (LINK) $ 23.78
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,809.11
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,978.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 45.92
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.00
  • suiSui (SUI) $ 3.40
  • wrapped-eethWrapped eETH (WEETH) $ 4,784.96
  • bitcoin-cashBitcoin Cash (BCH) $ 599.30
  • stellarStellar (XLM) $ 0.363024
  • avalanche-2Avalanche (AVAX) $ 25.24
  • wethWETH (WETH) $ 4,464.26
  • crypto-com-chainCronos (CRO) $ 0.280552
  • hedera-hashgraphHedera (HBAR) $ 0.220020
  • leo-tokenLEO Token (LEO) $ 9.52
  • litecoinLitecoin (LTC) $ 112.44
  • the-open-networkToncoin (TON) $ 3.19
  • usdsUSDS (USDS) $ 0.999388
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 112,299.00
  • whitebitWhiteBIT Coin (WBT) $ 43.18
  • polkadotPolkadot (DOT) $ 3.89
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.214521
  • uniswapUniswap (UNI) $ 9.72
  • bitget-tokenBitget Token (BGB) $ 4.97
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • aaveAave (AAVE) $ 327.56
  • moneroMonero (XMR) $ 268.79
  • ethenaEthena (ENA) $ 0.727831
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000010
  • okbOKB (OKB) $ 181.12
  • mantleMantle (MNT) $ 1.12
  • ethereum-classicEthereum Classic (ETC) $ 20.94
  • bittensorBittensor (TAO) $ 325.43
  • jito-staked-solJito Staked SOL (JITOSOL) $ 257.07
  • nearNEAR Protocol (NEAR) $ 2.49