The CEO of Tether, Paolo Ardoino, has once again refuted the assertions that the company develops its blockchain.
On February 5, Ardoino went to X to clarify that Tether did not intend to launch a blockchain, calling base -based speculation. His statement approached Crypto’s comments influence Ansem, which was one of the many voices of the industry speculating if the stablecoin giant worked on a owner network.
This is not the first time that Ordino has to set the record straight. In November 2024, he clearly indicated that Tether had no interest in centralizing his ecosystem thanks to a dedicated blockchain. Instead, the company remains determined to expand the integration of the USDT on several networks, guaranteeing wider accessibility and transparent transactions.
Ardoino also underlined the collaborative approach to Tether, stressing that the company prioritizes partnerships and the diversity of networks compared to exclusive control. This focuses on interoperability rather than isolation.
TETHER is the largest stable transmitter PEGED USD, USDT having a market capitalization of $ 141 billion. The asset is widely adopted and operates on more than ten blockchains, in particular Ethereum, Tron, Solana, Ton, Aptos, Avalanche, near and Algorand.
According to Defilma data, the USDT dominates the Stablescoin market, representing 63.85% of the total value in the sector in 210 recognized stablecoins.
TETHER FOCUS
While some crypto companies launch their blockchains, Tether focuses on other innovations, especially artificial intelligence.
TETHER develops AI -centered applications, including a Bitcoin portfolio assistant, real -time translation tools and voice assistants. These innovations aim to improve user experience while maintaining a strong accent on confidentiality and security.
Although the details remain limited, Ardoino has revealed that IA Tether applications would work directly on user devices, ensuring total confidentiality and auto-contact control on data and financial assets.
Beyond its technological progress, Tether reported record financial performance. On January 31, the company announced an amazement of $ 13 billion in profits for 2024.
Avichal Garg, the co-founder of Electric Capital, noted that these figures made the most profitable Stablecoin transmitter by employee.
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