Tether, the issuer of the world’s dominant stablecoin, has dismissed rumors of launching its native blockchain.
CEO Paolo Ardoino clarified that the firm intends to continue its strategy of integrating USDT onto various networks to support decentralized use cases.
USDT, currently valued at over $118 billion, holds a significant market share of around 75% in the stablecoin market.
Amidst these developments, the firm released its Q3 2024 assurance opinion conducted by BDO, highlighting Tether’s financial robustness.