Tether Chief Executive Officer (CEO) Paolo Ardoino said that the company preparing to launch two new products this month, which it has named Tethember. But he is he added that the launch may be delayed by about 7 days amid the US presidential election on November 5.
Ardoino also denied rumors about the launch of his own Tether Chain blockchain, as the existing second-tier solutions are enough to support the company it is important to be neutral. Tether is currently focused on integrating the USDT stablecoin into other networks and partnering with other companies and communities.
«Tether does not plan to create an official blockchain at the moment», — wrote he is in X.
On November 1, Tether announced the launch of a dirham-pegged stablecoin on the TON blockchain. This stablecoin will be created by Tether in collaboration with Phoenix Group and Green Acorn, as announced at the Gateway 2024 event in Dubai.
According to DefiLlama, out of 322 blockchains, the top five control more than 75% of the total asset value. Ethereum remains the market leader with approximately $47.64 billion in total asset value, a 55.24% share.
Tether, for its part, is the leader among stablecoins with a market capitalization of $120.511 billion.
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