Ramp, the Peter Thiel-backed fintech intermediary, added support for Tether’s USDT stablecoin, according to a Ramp representative. The firm will now support the world’s largest stablecoin via its implementations on Ethereum, Solana, and the Tether-backed Plasma network. 

"What's more - we've added 1:1 USD/USDT onramps & offramps," Ramp senior crypto software engineer Alex Bazhenov said Tuesday on X, noting this means going between U.S. dollars and USDT, and vice versa, will be feeless across Ramp's "entire suite of products."

In other words, Ramp clients can now hold, send, receive, or spend USDT as easily as USD, deepening the firm’s stablecoin neobank features. The firm first added stablecoin support for the Circle-issued USDC token.

Ramp, known as one of the fastest-growing unicorn startups on record, offers corporate charge cards and software for a range of financial services, including expense management and accounting. The firm was valued at $32 billion as of November 2025, following a $300 million funding round led by Lightspeed Venture Partners.

The Block reached out to Bazhenov for comment.

USDT is the largest stablecoin by a wide margin, with its supply nearly at $190 billion, according to The Block’s data.

Ethereum is the largest chain by total stablecoin supply, with USDT representing the largest share of that market capitalization. However, Tron is currently the blockchain with the largest total amount of circulating USDT, with Ethereum a close second.

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Many U.S.-based firms have been hesitant to integrate Tron in recent years due to founder Justin Sun’s legal issues. In March, the U.S. Securities and Exchange Commission dismissed its case against Sun and two of his companies with prejudice, while simultaneously securing a $10 million civil penalty from the Sun-connected Rainberry Inc.

Outside of Ethereum and Tron, which together account for the lion's share of the $290 billion total stablecoin supply, Solana is the most popular alternative chain for issuance, with a stablecoin market cap of about $13 billion, of which USDT represents about $3.3 billion.

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Plasma is a newer stablecoin-focused Layer 1 backed by Tether’s sister exchange Bitfinex. Last year, the chain raised a $20 million Series A,supported by Peter Thiel's Founders Fund and an additional $373 million via a public token sale. It also rolled out a stablecoin neobank called Plasma One.

Plasma’s XPL token is trading at $0.10, down over 3% on the day. The token hit an all-time high of $1.68 shortly after launch, according to The Block’s price page.