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Philip Gradwell
VP Economics at Tether
A stablecoin L1 is a good idea if users get value just from your stablecoin (payments, savings) but not if your stablecoin is transferred for other assets (swaps) as then the value of your stablecoin is just to get other assets and their liquidity will be on other blockchains
Aug 13, 20:28
Another mind-blowing USDt stat 🤯
63% of USDt transactions send only USDt, while 78% of transactions in other stablecoins include other assets as well.
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What people pay to use = what people value
Aug 5, 19:56
40% of all blockchain fees are paid to send USDt 🤯
That's across 9 chains: ETH, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon & Optimism.
Hundreds of millions of people in emerging markets use Tether's digital dollar USDt daily, to protect their families from local inflation and devaluation of their national currencies.
Blockchains that will focus on lower gas fees, allowing paying these in USDt will take over the world.
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