Peter Thiel-Backed Ramp Launches Zero-Fee USDT and USD Swaps Platform-Wide

TLDR

• Ramp has integrated USDT issued on Ethereum, Solana, and Plasma across its entire product suite.
• Ramp now provides fee-free 1:1 conversions between USD and USDT across all its products.
• Ramp had already integrated USDC prior to adding support for Tether’s USDT.
• In November 2025, Ramp secured a $32 billion valuation following a $300 million funding round.
• USDT’s supply is approaching $190 billion, making it the largest stablecoin by market capitalization.

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(SeaPRwire) –   Fintech firm Ramp, backed by Peter Thiel, has expanded its product suite to include support for Tether’s USDT. This move gives clients a new, fee-free way to switch between U.S. dollars and stablecoins.

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

This update extends Ramp’s stablecoin services for businesses and builds on the company’s earlier integration of Circle’s USDC.

Ramp expands stablecoin access across three networks

Ramp stated that clients can now more easily hold, send, receive, and spend USDT. The company added support for tokens issued on Ethereum, Solana, and Plasma, giving users more network options within a single platform.

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

Ramp has integrated Plasma for global USDT payouts and spending! Very happy to be working with @tryramp to get USDT to users and businesses globally. https://t.co/jS8USF7Okm

— Paul (@pauliepunt) April 21, 2026

The rollout places USDT alongside USD in more parts of Ramp’s system, which may benefit firms already using stablecoins for payments. It also broadens Ramp’s crypto offerings following its USDC integration.

Ramp is known for its corporate charge cards and financial software, with products covering 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, with its supply nearing $190 billion according to data from The Block. USDC remains the second-largest stablecoin.

Ethereum has the largest total stablecoin supply among blockchains, and USDT holds the largest share on Ethereum by market value. However, Tron has the highest circulating USDT, with Ethereum close behind.

Many U.S.-based firms have remained cautious about Tron in recent years, tied to legal issues involving 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, with its stablecoin market cap standing near $13 billion. Approximately $3.3 billion of that total is USDT.

Plasma support adds a newer option for Ramp users

Plasma is a newer Layer 1 blockchain focused on stablecoins, 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 backed by Founders Fund. The chain also raised an additional $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, a drop of more than 3%.

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