Tether’s decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms.
Tether, the issuer of the world’s largest stablecoin, USDT, has calculated to forgo its own blockchain launch, citing market saturation and strategic concerns.
According to an interview with Bloomberg News, the company’s CEO, Paolo Ardoino, explained that the stance comes from analyzing the blockchain space and a crowded market.
Ardoino stated that the firm launching a blockchain might not be the “right move” since “very good blockchains” are already available to the public.
