Tether CEO Paolo Ardoino says USDT transfers now account for 40% of all blockchain fees. The data highlights USDT’s deep, systemic importance to the on-chain economy. The company also posted a massive $5.7 billion in profit in the first half of 2025. Tether CEO Paolo Ardoino disclosed that transfers of USD₮ (USDT) now account for 40 percent of all blockchain transaction fees paid across nine major blockchain networks. This single data point shows just how deeply USDT now dominates on-chain activity and generates fees across a diverse range of protocols, including Ethereum, Tron, and Solana. Tether’s Massive Financial Scale Tether’s market capitalization crossed $100 billion mark in early 2025, reaching approximately $104.1 billion by March. Its supply alone represented nearly 8.6% of the total cryptocurrency market value in Q1 2025. The company posted net profits of about $4.9 billion in Q2 2025, bringing its total for the first half of the year to $5.7 billion. Related: Tether Reports $4.9B Q2 Profit and $2.6B Gains from Bitcoin, Gold Reserves The company also holds around $98 billion in U.S. Treasury bills, making it one of the wor… The post Tether’s On-Chain Footprint Hits 40% of All Fees Following Supply Surge to $104 Billion appeared first on Coin Edition .
