TL;DR
- Paolo Ardoino has clarified that Tether isn’t planning to construct an official blockchain, emphasizing the significance of sustaining neutrality and supporting USDT integration throughout numerous networks.
- Tether continues to develop and introduce new merchandise, together with a Dirham-pegged stablecoin on the TON blockchain whereas remaining blockchain-agnostic to give attention to safety and sustainability.
- Ardoino highlighted that the blockchain market is turning into saturated, and Tether’s technique goals to strengthen its market place by collaborating with different firms and communities.
Paolo Ardoino, CEO of Tether, has put an finish to the hypothesis surrounding the launch of an official Tether blockchain. In a current put up on X, Ardoino acknowledged, “Tether isn’t planning to construct an official blockchain presently.” This announcement comes amidst rising rumors and expectations inside the crypto group a couple of potential “Tether Chain.”
Emphasis on Neutrality and Collaboration
Ardoino defined that the main purpose for not launching a blockchain is the significance of sustaining neutrality. “Neutrality is crucial,” he emphasised. As a substitute of centralizing every part on a single chain, Tether has chosen to assist the integration of its stablecoin, USDT, throughout numerous networks.
This method permits Tether to collaborate with different firms and communities, somewhat than trying to centralize every part underneath one infrastructure. “Our motto is ‘Unstoppable TogETHER,’ not making an attempt to centralize every part,” Ardoino added.
Tether’s Enlargement and New Merchandise
Regardless of not launching its personal blockchain, Tether continues to develop and introduce new merchandise. On November 1, Tether introduced the launch of its Dirham-pegged stablecoin on the TON blockchain, in partnership with Phoenix Group and Inexperienced Acorn.
Moreover, Ardoino talked about that the firm is making ready to launch two new merchandise this month, though these launches have been postponed as a result of the upcoming U.S. elections. “Any product/announcement executed this coming week would find yourself possible obliterated by the election noise,” Ardoino famous.
Future Prospects
Ardoino additionally highlighted that the blockchain market is turning into more and more saturated, and launching a brand new blockchain won’t be the proper transfer presently. “Blockchains will change into nearly a commodity in the future,” he remarked.
As a substitute, Tether prefers to stay blockchain-agnostic, specializing in the highest ranges of safety and sustainability. This technique permits Tether to take care of its dominance in the stablecoin market whereas adapting to the evolving panorama of digital belongings.
Tether’s determination to forgo launching an official blockchain underscores its dedication to neutrality and collaboration inside the crypto ecosystem. By integrating with numerous networks and sustaining a blockchain-agnostic stance, Tether goals to strengthen its market place and proceed offering safe and environment friendly options for its customers.
