Tether CEO: The company is not building any blockchain and has no related plans

Comparing news, Tether CEO Paolo Ardoino said that Tether has not developed its own blockchain and has no related plans. Tether will continue to remain chain-neutral and support multiple blockchains as transmission networks for USDT.

Previously, CoinMarketCap analyzed that stablecoin companies such as Stripe, Circle, and Tether are building their own blockchains. Ardoino's response denied claims that Tether is developing its own blockchain.