Tether dismisses blockchain rumors, doubles down on AI innovation
Tether's CEO said that the company prioritizes interoperability and partnerships with various networks for USDT's growth.
Tether CEO Paolo Ardoino has formerly again refuted claims that the company is developing its blockchain.
On Feb. 5, Ardoino took to X to clarify that Tether has no intention of launching a blockchain, calling the enterprise unwarranted. His statement addressed commentary from crypto influencer Ansem, who was one of the numerous assiduity voices assuming whether the stablecoin mammoth was working on a personal network.
This is n't the first time Ardoino has had to set the record straight. Back in November 2024, he made it clear that Tether has no interest in polarizing its ecosystem through a devoted blockchain. rather, the company remains married to expanding USDT’s integration across multiple networks, icing broader availability and flawless deals.
Ardoino also emphasized Tether’s cooperative approach, pointing out that the company prioritizes hookups and network diversity over exclusive control. This focuses on interoperability rather than insulation.
Tether is the largest issuer of USD- pegged stablecoins, with USDT holding a request capitalization of$ 141 billion. The asset is extensively espoused and operates across over ten blockchains, including Ethereum, Tron, Solana, Ton, Aptos, Avalanche, Near, and Algorand.
According to DefiLlama data, USDT dominates the stablecoin request, counting for 63.85 of the sector’s total value across 210 honored stablecoins.
Tether’s focus
While some crypto enterprises are launching their blockchains, Tether is fastening on other inventions, particularly artificial intelligence.
Tether is developing AI- driven operations, including a Bitcoin portmanteau adjunct, real- time restatement tools, and voice sidekicks. These inventions aim to enhance stoner experience while maintaining a strong focus on sequestration and security.
Although details remain limited, Ardoino revealed that Tether AI operations would operate directly on stoner bias, icing full sequestration and tone- custodial control over data and fiscal means.
Beyond its technological advancements, Tether has reported record- breaking fiscal performance. On Jan. 31, the company blazoned a stunning$ 13 billion in gains for 2024.
Avichal Garg, theco-founder of Electric Capital, noted that these figures make the stablecoin issuer the most profitable company in the world per hand.