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04/22/2026

Ramp Eliminates USDT Conversion Fees in Infrastructure Play

Peter Thiel-backed fintech unicorn Ramp has rolled out zero-fee conversions between USDT and dollars across its entire product suite.

Ramp Eliminates USDT Conversion Fees in Infrastructure Play

What happened: Peter Thiel-backed fintech unicorn Ramp has rolled out zero-fee conversions between USDT and dollars across its entire product suite. The service supports USDT on Ethereum, Solana, and Plasma networks, positioning Ramp as critical infrastructure for stablecoin adoption. This move eliminates a major friction point for businesses operating across traditional and crypto rails.

Why it matters: Fee elimination in stablecoin conversions could accelerate enterprise crypto adoption by removing hidden costs that accumulate at scale. Ramp's infrastructure play positions them to capture massive volume as the boundary between traditional finance and crypto continues blurring. The multi-chain approach acknowledges that no single blockchain will dominate payments infrastructure.

Source: The Block