According to Bloomberg, despite controlling USDT with a market value of $117 billion, Tether decided not to launch a blockchain due to market saturation. Data shows that out of 306 chains, the top five chains control about 86% of the total locked asset value. According to DefiLlama data, Ethereum leads the market with $87.7 billion in TVL and a total TVL of $133.2 billion. TRON has $8.1 billion in TVL and handles 49% of the USDT supply. Tether's Ardoino said Tether will remain blockchain "neutral" as long as its stablecoin has the highest security and sustainability.