Telegram wallet offers zero-fee USDT deposits in over 60 nations

Telegram's Wallet has introduced zero-fee USDT deposits for eligible users across more than 60 countries.

This move aims to make the stablecoin more accessible, but existing withdrawal and transaction fees remain.

Users withdrawing USDT (CRYPTO:USDT) on the Tron  (CRYPTO:TRX) network will continue to incur a 3.5 USDT fee, while those using The Open Network (TON) will pay 1 USDT.

According to a Wallet spokesperson, this initiative targets a global audience who are eligible to use Wallet’s and the payment provider’s services.

The introduction of zero-fee deposits could potentially increase liquidity within Wallet and drive revenue growth through increased USDT transaction volumes.

USDT, issued by Tether, currently dominates the stablecoin market with a 63.3% market capitalisation share, according to DefiLlama data from February 13, 2025.

However, USD Coin (USDC) is also gaining traction, increasing its token supply circulation in 2025.

The change implemented by Wallet comes as the platform prepares for compliance with the Markets in Crypto-Assets (MiCA) regulations by the end of 2025.

“In terms of MiCA compliance, Wallet in Telegram is currently working toward it and aims to be fully MiCA-compliant by the end of 2025,” according to the Wallet spokesperson.

Stablecoins have gained prominence as a key cryptocurrency use case, particularly those pegged to fiat currencies, and there's rising support globally.

TON reported a substantial $1.4 billion in USDT-TON circulation throughout 2024.

This deposit fee change could position Wallet to better compete in the stablecoin market and cater to growing user demand.