Tether’s USDT Gobbles Up 40% of All On-Chain Fees Across 9 Major Blockchains

Tether’s USDT isn’t just dominating stablecoin volumes—it’s now the undisputed heavyweight champ of on-chain fees, sucking up 40% of all transaction costs across nine major blockchains.

How’s that for a monopoly?

The fee frenzy: While DeFi degens chase the next shiny token, USDT quietly hoovers up nearly half the network fees—proving once again that boring, old-school stablecoins still rule the crypto economy. Who needs innovation when you’ve got liquidity?

The kicker? Traders keep complaining about gas fees while pumping billions into the very asset that’s clogging the chains. Classic crypto irony—like hedge funds lecturing about decentralization.

Tether CEO Paolo Ardoino shared that USDT now makes up 40% of all on-chain transaction fees across nine blockchains, including Ethereum, Tron, Solana, and more. Hundreds of millions in emerging markets use USDT daily to shield themselves from inflation and currency devaluation. Ardoino emphasized that blockchains offering lower gas fees and allowing payments in USDT are likely to dominate, as they provide affordability and stability for global users seeking reliable digital transactions.