Paolo Ardoino, the CEO of Tether ($USDT issuer), has rejected claims that it is developing its own blockchain. The clarification comes amid growing industry interest in purpose-built networks designed specifically to support stablecoin transfers. With this clarification, Ardoino was responding to a CoinMarketCap analysis that claimed Tether is building a blockchain of its own. CMC had claimed that Tether, Stripe and Circle are developing dedicated “stablechains.” The analysis suggested that these initiatives had collectively attracted more than $1 billion in funding.
Tether is NOT building any blockchain nor has plan to build one.
We remain agnostic and support many transport layers for our stablecoins. https://t.co/asUL2am1Ug— Paolo Ardoino 🤖 (@paoloardoino) August 15, 2026
Tether Maintains Multi-Chain Approach for USDT
Ardoino has clarified that Tether is not developing a proprietary blockchain and does not either currently plan to launch one. Instead, the company continues to support USDT across multiple existing blockchain networks. Tether is recently facing some regulatory challenges especially in Europe after MiCA.
Tether’s approach allows its stablecoin to operate across different blockchain ecosystems rather than depending on a single proprietary network. This multi-chain strategy enables USDT to maintain broad availability across various platforms and markets making it the largest stablecoin.
The clarification also reinforces Tether’s position as a blockchain-agnostic stablecoin issuer. Rather than controlling the underlying blockchain infrastructure, the company has continued to focus on expanding the availability and utility of USDT across different networks.
Stablecoin-Focused Blockchains Gain Industry Attention
The clarification by Tether comes as several companies and blockchain projects explore dedicated networks designed to facilitate stablecoin payments. These networks, often described as stablechains, are intended to optimize blockchain infrastructure for digital-dollar transfers. These chains are expected to enhance payment-related activities.
While some projects associated with the broader Tether ecosystem have received support, Ardoino emphasized that Tether itself is not developing or planning to launch a proprietary blockchain. The statement therefore distinguishes Tether’s multi-chain strategy from the growing trend of companies building dedicated infrastructure for stablecoin transactions. For now, Tether continues to rely on multiple existing blockchain networks to support the global use of USDT.