Tether CEO refutes rumors of custom blockchain. Company focuses on AI technology and collaborations. Recent $13 billion profit disclosed.
Paolo Ardoino, the CEO of Tether, has once again denied rumors regarding the development of an exclusive blockchain by the company, calling it baseless. Instead of creating an exclusive blockchain, Tether, the largest stablecoin issuer with a market value of $141 billion, is focusing on expanding collaborations with various networks and developing artificial intelligence technology. The company is working on AI-based applications such as a Bitcoin wallet assistant and real-time translation tools that run directly on users’ devices. Tether recently reported a significant profit of $13 billion in 2024.
