đŸȘ™ Tether told why it refused to launch its own blockchain

đŸŽ€ Tether Holdings initially considered the possibility of launching its own blockchain. It was decided to abandon the idea due to market saturation, Bloomberg reports.

⚖ According to the agency, CEO Paolo Ardoino said the decision was influenced by the simplest equation in economics - the equilibrium of supply and demand.

đŸŽ€ ‘We 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,’ he said.

✍The 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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