Tether’s USDT is quietly shaping the economics of the blockchain world, now responsible for 40% of all transaction fees across nine major networks.
The data, shared by CEO Paolo Ardoino, highlights the stablecoin’s dominance in real-world crypto usage—not just as a dollar-pegged asset, but as the fuel powering global on-chain transactions.
This outsized role reflects a broader trend: users gravitating toward networks like Tron and BNB Chain, where USDT transfers are nearly frictionless. In countries facing currency instability, USDT has become an unofficial financial infrastructure—supporting daily payments, remittances, and savings.
Behind the scenes, Tether’s financial machine is equally massive. In early 2025, the stablecoin issuer passed $100 billion in market capitalization and reported $5.7 billion in net profits in just six months. Its investment in U.S. Treasuries—now nearing $100 billion—has even been linked to shifts in short-term government bond yields.
Despite its growing systemic presence, questions remain around transparency. While Tether regularly publishes reserve attestations, critics continue to call for full independent audits. These concerns are driving regulatory discussions in the U.S. and abroad, especially with new legislation like the GENIUS Act targeting stablecoin oversight.
Tether’s answer? A bold move to launch Plasma, a fee-free blockchain designed to optimize USDT’s utility even further—threatening to rewrite how value moves across digital rails.
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Source: https://coindoo.com/tethers-stablecoin-emerges-as-the-backbone-of-blockchain-fee-economy/