Tether, the company behind USDT, the largest stablecoin by market cap, has officially quashed rumors of launching its own blockchain network. In a post on X (formerly Twitter) dated November 3, Tether CEO Paolo Ardoino made it clear that the company has no immediate plans to develop a proprietary blockchain, stating, “Tether is not planning to build an official blockchain at this time.”
With USDT currently boasting a market cap exceeding $120 billion and operating across more than ten blockchain networks, including Ethereum, Solana, and Algorand, Tether’s focus remains on maintaining a decentralized approach. Instead of creating its own blockchain, the company is prioritizing partnerships and integration with existing networks.
Why Tether Is Not Launching Its Own Blockchain
According to Ardoino, Tether values “neutrality” and believes that launching a proprietary blockchain would contradict the company’s decentralized ethos. Tether’s strategy focuses on supporting USDT’s compatibility across multiple blockchain ecosystems. Ardoino emphasized that Tether prefers to work in collaboration with various networks and communities, rather than consolidating control under a singular chain.
Ardoino also underscored Tether’s commitment to making transactions easier for users by supporting gas fees on these networks. He reiterated the company’s mission of “Unstoppable TogETHER,” reflecting their belief in a collaborative rather than centralized approach.
While Ardoino hasn’t entirely ruled out the idea of a Tether blockchain in the future, he clarified that, for now, the company remains focused on partnerships and integrations, leaving the door open for potential developments down the line.
Tether’s Approach Amid Industry Trends
Tether’s decision to avoid launching its own blockchain contrasts with a growing trend in the crypto industry, where numerous companies are developing proprietary networks. Centralized exchanges like Coinbase and Kraken have already launched their own Ethereum Layer-2 solutions—Base and Ink, respectively—while Uniswap recently unveiled its scaling network, Unichain. Similarly, identity-focused projects like World and DeFi platforms such as Aave are also exploring new blockchain networks tailored to their communities.
However, not everyone in the industry is on board with this trend. Sonic Labs co-founder Andre Cronje has warned against the rush to create new blockchains, highlighting the challenges of high infrastructure costs, fragmented liquidity, and limited developer support, all of which could hinder the adoption and success of proprietary networks.
Tether’s Path Forward
By sticking to its decentralized and collaborative approach, Tether aims to remain adaptable and integrated across multiple blockchain ecosystems. This strategy allows the company to focus on expanding USDT’s utility without the overhead of managing its own blockchain infrastructure.
As the crypto space continues to evolve, Tether’s decision to forgo launching a blockchain—at least for now—shows the company’s commitment to supporting broader blockchain innovation through partnerships rather than building new infrastructure from scratch.
