Tether accounts for 40% of on-chain transaction fees, CEO calls stablecoins the 'ChatGPT moment' of cryptocurrency

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

He referred to stablecoins as the 'ChatGPT moment' of the crypto industry, as they make digital value transfers faster, lower-cost, and seamless across borders.

Ardoino emphasized that USDT has become a financial lifeline for many emerging markets, with local populations relying on it daily to combat inflation and currency devaluation.

He pointed out that in the future, digital payments will see a new wave of growth on blockchains with low transaction fees and native support for USDT. Especially in regions with weak traditional banking services, speed, cost, and stability will be key to driving the mass adoption of cryptocurrency.