Tether CEO: USDt transfers contribute 40% of blockchain fees

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PANews news on August 5th, according to Tether CEO Paolo Ardoino, approximately 40% of blockchain transaction fees from nine global public chains (ETH, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, Optimism) are used to pay for USDT transfers. He stated that hundreds of millions of emerging market users use USDT daily to hedge against local currency inflation; in the future, chains that can enable USDT transfers with lower gas fees will have a competitive advantage.

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