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Tether is set to revolutionize stablecoin utility by launching a new blockchain, Stable, which will utilize USDT as gas fees, leveraging its robust revenue streams and market dominance.
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With over $1 trillion in monthly USDT transfers and a revenue lead over competitors, Tether is strategically expanding its ecosystem alongside Bitfinex to enhance business adoption of stablecoins.
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According to COINOTAG, Tether’s CEO Paolo Ardoino is actively advising the Stable project, signaling strong leadership involvement in this innovative blockchain initiative.
Tether leads stablecoin revenue and transaction volume, launching the Stable blockchain to integrate USDT gas fees, boosting business adoption and crypto ecosystem growth.
Tether’s Revenue Dominance and Milestone Transaction Volumes
Tether continues to assert its position as the foremost stablecoin issuer by generating substantial revenue from transaction fees and issuance. In the last 30 days alone, Tether amassed $432.5 million in revenue, more than doubling Circle’s $193.8 million. This financial performance underscores Tether’s unparalleled market penetration and operational scale within the crypto industry.
While Circle reported $1.4 billion in revenue for 2024 and holds a valuation of $16.7 billion post-IPO, Tether’s projected revenue of $14 billion for the same period suggests a potential market cap that could rival some of the largest global financial institutions. This disparity highlights Tether’s dominant role in stablecoin issuance and transactional infrastructure.
Source: Token Terminal
In addition to issuance revenue, Tether benefits from the broader stablecoin transport layer, with Tron (TRX) leading transport fees at $345.8 million, significantly outpacing decentralized exchanges like Uniswap, which earned $75.6 million, and Solana-based Jito with $61.6 million. Despite this, Tether’s combined issuance and float profits secure its leading position in the crypto finance ecosystem.
Moreover, Tether recently surpassed a historic milestone by facilitating over $1 trillion in monthly on-chain USDT transfers, cementing its status as a critical liquidity and transactional asset across blockchain networks.
Source: Token Terminal
Complementing its transactional dominance, Tether’s Lending Collateral Custody wallet has actively managed Bitcoin reserves, recently transferring 200 BTC valued at $20.88 million to Binance. Following Bitcoin’s resurgence to $100,000, the wallet executed a significant withdrawal of 1,650 BTC, totaling approximately $174.7 million. This strategic asset management aligns with Tether’s approach to leveraging market dynamics to maintain liquidity and transactional supremacy.
Introducing Stable: Tether’s New Blockchain Initiative Using USDT Gas Fees
Tether, in partnership with Bitfinex and leveraging its Layer Zero-powered USDT infrastructure, is preparing to launch Stable, a blockchain project designed to utilize USDT as the native gas token. This initiative marks a strategic pivot toward business-centric blockchain solutions, differentiating itself from retail-focused stablecoin platforms.
Paolo Ardoino, Tether’s CEO, serves as an advisor to Stable, underscoring the project’s significance within Tether’s broader ecosystem strategy. By integrating USDT as the gas fee mechanism, Stable aims to streamline transaction processes and enhance the utility of stablecoins in business operations, potentially accelerating enterprise adoption of blockchain technology.
Source: X
Although the development team behind Stable remains anonymous, it reportedly comprises seasoned blockchain engineers, financial entrepreneurs, and cryptocurrency experts. This multidisciplinary expertise positions Stable to effectively address the technical and operational challenges of integrating stablecoins into mainstream business workflows.
Expanding Stablecoin Utility Beyond Retail Markets
Stable’s focus on business users reflects a broader trend of stablecoins evolving beyond simple transactional tools for retail investors. Major technology companies are increasingly integrating stablecoins into payment systems, highlighting the growing demand for reliable, scalable digital currencies in commercial contexts.
By targeting enterprise adoption, Stable could facilitate more efficient cross-border payments, reduce transaction costs, and enhance liquidity management for businesses. This aligns with Tether’s ongoing efforts to expand the practical applications of USDT, reinforcing its position as a foundational asset in the crypto economy.
Strategic Implications for the Crypto Ecosystem
The launch of Stable represents a significant development in the stablecoin landscape, potentially catalyzing new use cases and partnerships. By embedding USDT as a gas token, Tether not only increases the token’s utility but also strengthens its network effects, encouraging broader ecosystem participation.
This initiative may also prompt competitive responses from other stablecoin issuers and blockchain projects, driving innovation and efficiency improvements across the sector. For investors and businesses alike, Stable offers a promising avenue to leverage stablecoins within a secure, scalable blockchain environment.
Conclusion
Tether’s sustained revenue leadership and record-breaking transaction volumes underscore its pivotal role in the crypto market. The upcoming launch of the Stable blockchain, utilizing USDT as gas fees, signals a strategic expansion aimed at business adoption and enhanced stablecoin utility. With strong leadership involvement and a focus on enterprise solutions, Tether is poised to further solidify its dominance and drive the next phase of stablecoin integration into mainstream financial systems.
