Tether CEO: Focusing on Stablecoins and Transport Layer Technology, Not Developing Blockchain Independently
Publication Time:2024-08-23 17:16:09
In an interview, Tether CEO Paolo Ardoino emphasized the company's neutral stance towards blockchain technology. He stated that although Tether possesses strong technological capabilities, considering the future development of blockchain technology as a foundational infrastructure or transport layer, developing its own blockchain may not be the optimal choice. Ardoino further explained that it is more reasonable for Tether to view blockchain as an infrastructure similar to the internet, used for efficient and secure transmission of data and value. He mentioned that current blockchain technology has matured and continues to evolve, so choosing existing mature technologies as the core infrastructure of the company can allow it to focus more on innovation and optimization of stablecoins and other financial products, thereby better serving users and the market.
Blockchain
stablecoins
Tether
technology
Transport Layer