Peter Thiel-backed Ramp Adds Zero-fee USDT and USD Swaps Across Its Suite Today

TLDR

• Ramp added Ethereum, Solana and Plasma-issued USDT across its product suite.
• Ramp now offers 1:1 USD and USDT conversions with no fee across its products.
• Ramp had already integrated USDC before adding support for Tether’s USDT.
• Ramp was valued at $32 billion in November 2025 after a $300 million round.
• USDT supply is near $190 billion, making it the largest stablecoin by market cap.

Peter Thiel-backed fintech Ramp has added support for Tether’s USDT across its product suite. The move gives clients a new way to move between dollars and stablecoins without conversion fees.

Ramp now supports USDT issued on Ethereum, Solana, and Plasma. It also offers 1:1 USD and USDT onramps and offramps across its products.

The update expands Ramp’s stablecoin services for businesses. It also builds on the firm’s earlier support for Circle’s USDC.

Ramp expands stablecoin access across three networks

Ramp said clients can now hold, send, receive, and spend USDT more easily. The company added support for Ethereum, Solana, and Plasma-issued tokens. That gives users more network options inside one platform.

Ramp senior crypto software engineer Alex Bazhenov announced the change on X. He wrote, “What’s more – we’ve added 1:1 USD/USDT onramps & offramps.” He added that the service is feeless across Ramp’s “entire suite of products.”

The rollout places USDT next to USD in more parts of Ramp’s system. That may help firms that already use stablecoins for payments. It also broadens Ramp’s crypto offering after its USDC integration.

Ramp is known for corporate charge cards and finance software. Its products also cover expense management and accounting. The company was valued at $32 billion in November 2025.

USDT remains the largest stablecoin in the market

USDT is the largest stablecoin by market value. Its supply is nearing $190 billion, according to data from The Block. USDC remains the second-largest stablecoin.

Ethereum has the largest total stablecoin supply among blockchains. USDT also holds the largest share on Ethereum by market value. Still, Tron has the most circulating USDT, with Ethereum close behind.

Many U.S.-based firms have stayed cautious about Tron in recent years. That was tied to legal issues around founder Justin Sun. In March, the SEC dismissed its case against Sun and two companies with prejudice.

Solana remains a major alternative for stablecoin issuance. Its stablecoin market cap stands near $13 billion. About $3.3 billion of that total is USDT.

Plasma support adds a newer option for Ramp users

Plasma is a newer Layer 1 focused on stablecoins. It is backed by Bitfinex, Tether’s sister exchange. Ramp’s support gives users another network choice for USDT activity.

Last year, Plasma raised $20 million in a Series A round. Founders Fund backed that round. The chain also raised another $373 million through a public token sale.

Plasma later launched a stablecoin neobank called Plasma One. Its XPL token traded at $0.10 on the day of the report. That price was down more than 3%.

The token had reached an all-time high of $1.68 after launch. Ramp has not shared further comment beyond the public announcement. The Block said it contacted Bazhenov for more details.

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