EddieJayonCrypto
5 Aug 25
Tether CEO Paolo Ardoino revealed that USDT accounts for 40% of all on-chain transaction fees across nine major blockchains, including Ethereum, Tron, and Solana. He highlighted stablecoins as a key innovation in crypto, enabling faster, cheaper, and borderless digital value transfer. Ardoino noted ...
Tether CEO Paolo Ardoino has revealed that USDT accounts for 40% of all on-chain transaction fees across nine major blockchains, including Ethereum, Tron, and Solana. This dominance highlights stablecoins as a pivotal breakthrough in the crypto space, often described as the industry’s “ChatGPT moment” for enabling faster, cheaper, and borderless digital value transfer.
Ardoino emphasized USDT’s role as a financial lifeline in many emerging economies, with millions relying on it daily to shield their wealth from inflation and the volatility of national currencies. This widespread adoption underscores the importance of blockchains that offer low transaction fees coupled with native USDT support, which are poised to drive the next wave of digital payments.
He further suggested that affordability, speed, and stability on these networks will be crucial for mass crypto adoption, especially in regions lacking robust traditional banking infrastructure. USDT continues to dominate the stablecoin market, representing 61% of the total stablecoin supply, with a circulating supply now exceeding $163 billion.