Telegram's Wallet Offers Zero-Fee USDT Deposits in 60+ Countries

Telegram's Wallet, a custodial wallet application integrated with the popular messaging platform, has announced a significant move to enable zero-fee USDT (USDT) deposits for eligible users in over 60 countries. This change, effective from February 14, aims to increase liquidity for stablecoins within the Wallet platform and potentially boost revenue through increased USDT transactions.

While the new policy allows for zero-fee deposits, withdrawal and transaction fees remain unchanged. Users are still required to pay a 3.5-USDT fee to withdraw USDT on the Tron network and a 1-USDT fee to withdraw on The Open Network (TON).

USDT, created by Tether, is the largest stablecoin by market capitalization, currently dominating the stablecoin market with a 63.3% share as of February 13, 2025. However, its dominance has been declining recently, with USD Coin (USDC) increasing its token supply circulation in 2025.

A Wallet spokesperson confirmed that the zero-fee policy on USDT deposits is a global offering for eligible users worldwide, rather than being limited to a specific region. The spokesperson also mentioned that Wallet is working towards full compliance with the Markets in Crypto-Assets (MiCA) regulation, aiming to be fully compliant by the end of 2025.

Stablecoins have gained significant traction in the past year, emerging as a key use case for cryptocurrencies. Support for stablecoins has been growing, including in the United States, where regulatory support has been limited in some states. In 2024, Telegram's created layer-1 network, TON, saw $1.4 billion in USDT-TON circulation.