Tether’s USDT captures 40% of all on-chain fees across 9 major blockchain networks

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 isn’t unexpected as stablecoins are increasingly seen as crypto’s “ChatGPT moment,” a breakthrough that makes digital value transfer faster, cheaper, and accessible across borders.

Ardoino pointed out that USDT has become a financial lifeline in many emerging economies.

According to him, millions of users rely on the stablecoin daily to protect their wealth from inflation and volatile national currencies.

Considering this, Ardoino claimed that blockchains offering low transaction fees and native support for USDT are likely to lead the next phase of digital payments.

He also suggested that these networks’ affordability, speed, and stability will be key factors for crypto mass adoption, particularly in regions where traditional banking infrastructure is either weak or inaccessible.

USDT remains the leading stablecoin in the crypto market, commanding 61% of the total stablecoin supply. Its circulating supply now exceeds $163 billion, based on data from CryptoSlate.