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Tether Quashes Blockchain Rumors, Focuses on Network Integrations

  • 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.

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