In a post on the X platform on November 4, he denied rumors that Tether was working on an official blockchain. Ardoino stated that Tether is currently more focused on collaborating with other companies and communities, and that they are trying to strengthen these partnerships rather than “trying to centralize everything.”

“Tether is not currently planning to build an official blockchain,” Ardoino said, responding to recurring rumors about Tether Chain. This statement reveals that Tether is seeking greater decentralization in the blockchain market and prefers to cooperate more with existing systems.

He also emphasized that Tether supports the integration of various independent layer two networks to support the gas fees required for USDT. Ardoino stated that these integrations make Tether’s transaction processes more efficient.

Let’s add that Tether also gives clues about a new product launch. It announced that this launch, originally planned around US election day, had been delayed by seven days due to “election noise”. Ardoino stated that this postponement was made so that the announcement of the product would attract more attention.

Additionally, Ardoino also explained Tether’s reluctance to develop blockchain. He stated that the creation of a Tether blockchain could push decentralization and said “neutrality is very important.” This shows Tether’s respect for the needs of its users and partners.

Ardoino stated that the “Unstoppable TogETHER” slogan emphasizes Tether’s desire to partner with other companies and communities. This approach is consistent with Tether’s goal of creating a broader ecosystem under current market conditions.

Additionally, Ardoino noted that the blockchain market is already quite saturated. In a past interview with Bloomberg, he stated that he predicted blockchains would become more of a “commodity” in the future.

“Launching a blockchain ourselves may not be the right move. There are very good blockchains out there,” Ardoino said. This statement shows that Tether prefers to use existing strong infrastructures and blockchains.

At the time of writing, Ethereum, TRON, and Solana are ranked as the leading blockchains in terms of total value locked (TVL), according to DeFi Llama data. Ethereum is the leader with a TVL of $47.55 billion and 381,444 active addresses.

TRON ranks second with a TVL of $6.81 billion and 1.71 million active addresses. Solana ranks third with a TVL of $5.92 billion and 4.28 million active addresses.

Finally, Tether announced its third quarter 2024 earnings report on November 1, and this report includes several record-breaking values ​​such as $14.2 billion in equity and $134.4 billion in total assets on a consolidated basis. He also highlighted that demand for USDT stablecoins has increased, with circulation growing by almost 30%.

Tether also announced that it has issued additional tokens worth $27.8 billion this year. These data show how closely Tether follows market dynamics and its determination to provide the best service to its users.