Tether CEO Reveals USDT Fuels 40% of Ethereum Gas Fees—New U.S.-Friendly Stablecoin Coming

Tether’s dominance isn’t just in market cap—it’s now the gas-guzzling king of Ethereum. The stablecoin giant’s CEO dropped a bombshell: USDT drives a staggering 40% of all gas fees on the network. That’s right—nearly half of Ethereum’s 'digital tollbooth' revenue comes from one coin.

But wait, there’s more. Tether’s plotting a U.S.-compliant stablecoin, because nothing says 'crypto innovation' like preemptive regulatory hand-holding. Will it dethrone USDT? Unlikely—but Wall Street might finally stop pretending stablecoins are 'too risky' for their taste.

Funny how the 'wild west' of crypto keeps propping up the very system it supposedly disrupts. Maybe Satoshi should’ve minted a stablecoin instead.

Ardoino says achievement is a statement of USDT’s utility

40% of all blockchain fees are paid to send USDt 🤯
That's across 9 chains: ETH, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon & Optimism.

Hundreds of millions of people in emerging markets use Tether's digital dollar USDT daily, to protect their families from local… pic.twitter.com/glAFR38u5Z

— Paolo Ardoino 🤖 (@paoloardoino) August 5, 2025

Ardoino said Tether’s achievement of 40% gas fees market share was “a statement of USDT’s utility” for countless users in developing countries and emerging markets. He previously claimed that over 400 million people across the globe used USDT.

The use of USDT also increased quarterly by 35 million wallets. The U.S. Treasury Department’s statistics showed that Tether held over $127 billion in U.S. treasuries as of the second quarter of 2025. The holdings compared it to sovereign nations like Germany, South Korea, and the UAE.

Bernstein analysts expect USDT to continue dominating with a 65% share of the stablecoins market. They also claimed that stablecoins WOULD soon evolve from the “money rail of crypto markets” to the “money rail of the internet.”

The analysts believe the stablecoin market cap will grow 16x to over $4 trillion in the next ten years, up from the current $249 billion. They said this “transformative growth” would be driven by the extensive use of crypto in payments through stablecoin-native financial services and tokenized capital markets. 

According to the GasFeesNow platform, sending USDt on ethereum costs $0.5619, $0.0021 on BNB, $0.0002 in Polygon, and $3.94 to $8.01 on Tron. It also costs $0.0427 to send USDT on Ton, $0.001 to $0.1 on Solana, $0.0001 on Aptos, $0.0006 on Avalanche, and $0.0062 on Polkadot. However, the platform disclosed that estimating gas fees for the Tron network was a bit tricky.

Tether plans to launch a new stablecoin

Ardoino said in early April that Tether was considering developing a new stablecoin that would comply with pending U.S. stablecoin laws. He pointed out that his company had no problem with the USDT being banned in the U.S. due to regulatory restrictions. The Tether CEO claimed that a new stablecoin would help circumvent the ongoing regulatory issues.

However, Ardoino clarified that his company had “the highest level of compliance” regarding cooperation with regulators. He stated that the theories and rumors about Tether staying out of the U.S. market due to regulatory issues were just competitor desperation. The Tether boss said his company did not have any issues with the pending stablecoin legislation in the United States.

“We believe that our main stablecoin is perfected for emerging markets, but we can craft a payment stablecoin that works for the U.S….We need to have two products with two different value propositions.”

–Paolo Ardoino, CEO of Tether

The Tether CEO was optimistic that the USDT would remain listed on secondary markets in the U.S. He pointed out that global access to USDT was critical for remittances. However, Ardoino also mentioned picturing a “long-term future reality” where the USDT was not “a major player” in Europe or the U.S.

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