Tether CEO: The company has not been building any blockchain and has no such plans

BlockBeats News, August 16th, Tether CEO Paolo Ardoino stated that Tether is not building any blockchain nor has any related plans. Tether will continue to remain chain-agnostic and support multiple blockchains as the transmission network for USDT.

Previously, an analysis by CoinMarketCap suggested that stablecoin companies such as Stripe, Circle, and Tether were each building their own blockchain. Paolo Ardoino's response this time denied the claim that Tether is developing its own blockchain.