Tether, the largest stablecoin issuer, faces a $2.9 billion annual fee drain to blockchains it doesn't control, mainly Ethereum and Tron. To reclaim these fees, Tether supports two competing USDT blockchains: Plasma, a DeFi-focused chain with a native token and paymaster model, and Stable, an enterprise-focused chain using USDT itself as gas. Both aim to reduce reliance on Tron, which holds 45% of USDT and dominates remittance flows. This dual-chain strategy diversifies Tether's approach to capturing fee revenue and improving user experience, while regulatory developments in the U.S. could impact their adoption. The real winner will be the chain that gains significant USDT float from Tron or Ethereum, with the ultimate goal of ending the costly fee leak.
TRON has solidified its position as the primary network for Tether's USDT stablecoin, processing $19.4 billion in transfers over 24 hours and capturing about 73% of total stablecoin transfer volume in Q3 2026. The network benefits from low fees, high...
A suspected theft of over $106 million from an EU-based entity involved stealing USDC and USDT stablecoins from multiple centralized exchanges. The attacker laundered the funds by converting them into Ethereum, then Monero, and used multiple blockcha...
Tron's stablecoin market cap grew by $256.5 million in the week ending November 3, 2026, the largest increase among tracked blockchains. This growth is almost entirely due to Tether's USDT, which makes up about 97.9% of Tron's stablecoin supply, hitt...
The hacker behind the $46 million Mercado Bitcoin breach transferred about $8 million in Ethereum to new wallets on November 3, shortly after the attack. Despite these moves, no deposits into the privacy tool Tornado Cash have been confirmed, which c...
Tether CEO Paolo Ardoino revealed the company holds nearly 150,000 Bitcoin, valued at $8.37 billion as of September 30, 2026, as part of its long-term investment strategy. The company reported $132.4 billion in U.S. Treasury bill exposure and $7.95 b...
