USDT accounts for 40% of the total on-chain fees across 9 major blockchain networks.

Paolo Ardoino, CEO of Tether, revealed that USDT currently accounts for up to 40% of total on-chain transaction fees across nine major blockchains, including Ethereum, Tron, and Solana.

He referred to stablecoins as the "ChatGPT moment" of the cryptocurrency industry, as it opens up a major turning point in transferring digital value quickly, cheaply, and cross-border.

Ardoino emphasized that USDT has become a financial lifeline in many developing economies, where people use it daily to protect their assets against inflation and the instability of the national currency.

With high usage rates, he believes that blockchains with low fees and support for native USDT will lead the next wave of digital payments. Factors such as speed, cost, and stability will be key to driving mass adoption, especially in areas where traditional banking is still limited.

Tether is currently the number 1 stablecoin in the market, accounting for 61% of the total stablecoin supply, with a circulating supply surpassing 163 billion USD.