USDT accounts for 40% of blockchain fees, says Tether CEO

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Oleg Tkachenko

05.08.2025

USDT accounts for 40% of blockchain fees, says Tether CEO — Cumulative USDT wallets jump 35M as adoption accelerates globally

Tether CEO Paolo Ardoino stated that 40% of fees collected across nine blockchains — including Ethereum, Tron, TON, Polygon, Arbitrum, Solana, Avalanche, BSC, and Aptos — come from sending USDT.

Analysts at Bernstein forecast that the stablecoin market cap could grow 16-fold to over $4 trillion in the next decade, up from the current $249 billion. This “transformational growth” will be driven by the widespread use of crypto in payments via stablecoin-based financial services and tokenized capital markets.

They also noted that stablecoins will evolve from being the “lifeline of crypto” to the “lifeline of the internet,” with USDT expected to maintain a 65% market share.

Amid this backdrop, Ardoino's statement highlighted the immense role USDT plays in blockchain activity.

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“Hundreds of millions of people in developing markets use Tether’s digital dollar (USDT) every day to shield their families from local inflation and currency devaluation. Blockchains with lower gas fees and support for USDT-denominated fees will dominate,” Ardoino wrote on X.

According to the U.S. Treasury Department, Tether held over $127 billion in U.S. Treasuries as of Q2 2025 — a figure comparable to sovereign holdings by Germany, South Korea, or the UAE.

USDT usage has also grown by 35 million wallets in the last quarter. Ardoino previously claimed over 400 million people globally use USDT.

GasFeesNow shows the cost of sending USDT varies significantly:

- Ethereum: $0.5619

- Tron: the company did not provide exact figures

- BNB: $0.0021

- Polygon: $0.0002

- TON: $0.0427

- Solana: $0.001–0.1

- Aptos: $0.0001

- Avalanche: $0.0006

- Polkadot: $0.0062

Tether targets U.S. with a new stablecoin

Ardoino confirmed that Tether plans to launch a new U.S.-oriented stablecoin, but emphasized the company will not pursue an IPO even after expanding in the United States.

“We believe our main stablecoin is best suited for emerging markets, but we can build a payment-focused one for the U.S. These are two different products with distinct value propositions,” Ardoino said.

Tether aims to deliver a more efficient stablecoin for interbank settlements, payments, and commerce as part of its “internal U.S. strategy,” and will target institutional markets following the recent Genius Act crypto legislation.

Ardoino said Tether’s USDT supply stands at $162 billion, an 18% increase since the beginning of 2025.

As we wrote, Paolo Ardoino manages $160B as he expands focus beyond crypto

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