đȘ Tether told why it refused to launch its own blockchain
đ€ Tether Holdings initially considered the possibility of launching its own blockchain. It was decided to abandon the idea due to market saturation, Bloomberg reports.
âïž According to the agency, CEO Paolo Ardoino said the decision was influenced by the simplest equation in economics - the equilibrium of supply and demand.
đ€ âWe are well versed in technology. In the future, blockchain will become almost a commodity. Launching it on its own may not be the right move. There are very good solutions,â he said.
âïžThe agency said such a task would be feasible for Tether, which is an issuer of USDT, given the widespread use of stablecoin for trading and remittances.
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