gUSDT Deep Research Report: Token Future Development and Market Outlook

Yael

/Dec 9, 2025

Key Takeaways

• gUSDT serves as the native gas token for the Stable network, facilitating USDT transactions.

• The dual-token architecture simplifies user experience and enhances cross-chain liquidity.

• gUSDT's viability is closely tied to the health of the USDT ecosystem and regulatory dynamics.

• Account abstraction features reduce friction for users, allowing seamless gas conversions.

• Risks include reliance on Tether's reserves and compliance with regulatory standards.

• Future developments will focus on enhancing cross-chain integrations and institutional tools.

Executive summary

gUSDT is the native gas token for the Stable network — a USDT-first, EVM‑compatible chain that uses a dual-token architecture (gUSDT as native gas and USDT0 as the ERC‑20/OFT representation). This design aims to make USDT the primary medium for both settlement and gas on a high-throughput chain while relying on account abstraction (EIP‑7702 / bundlers / paymasters) and LayerZero’s omnichain messaging to simplify UX and cross‑chain liquidity. The technical design reduces friction for USDT users and opens new product paths, but it also ties gUSDT’s viability to the broader stablecoin ecosystem and regulatory dynamics affecting USDT. Key implications for builders, users, and custodians include operational simplicity for USDT flows, concentrated exposure to Tether risk, and importance of secure private key custody when interacting with account‑abstraction tooling. See Stable’s technical documentation for the protocol details. Stable — USDT as gas token. (docs.stable.xyz)

What is gUSDT?

Definition and role

gUSDT is the native gas token on the Stable network; it is an unwrapped native gas version corresponding 1:1 with the network’s USDT representation (USDT0). Users typically hold and interact with USDT0 (an OFT/ERC‑20 token) while the protocol converts or unwraps a portion into gUSDT for transaction fees behind the scenes. This mirrors the ETH ↔ WETH pattern but is focused entirely on USDT rails. Stable docs — gUSDT & USDT0 overview. (docs.stable.xyz)

How users obtain gUSDT

Typical onboarding flows include bridging USDT → USDT0 via LayerZero-enabled bridges (for example Stargate) and enabling a destination gas conversion to receive gUSDT; or converting USDT0 to gUSDT onchain via Stable’s unwrap utilities. The Stable developer guide documents step‑by‑step bridging and faucet options for testnets. Stable — how to obtain gUSDT (bridging / unwrap guide). (docs.stable.xyz)

Technical architecture and primitives

USDT0 (OFT) + gUSDT (native)

USDT0 is implemented as an Omnichain Fungible Token (OFT) to enable seamless liquidity across multiple chains; LayerZero’s OFT design avoids liquidity fragmentation by providing unified token liquidity across chains. gUSDT remains the local native gas token to pay validator fees and enable ultrasimple UX for USDT payments and dApp interactions. LayerZero — OFT overview. (layerzero.network)

Account Abstraction & EIP‑7702

Stable leverages account abstraction concepts (including the capabilities introduced by EIP‑7702) so that most users never need to manually hold gUSDT; paymasters and bundlers handle gas conversions from USDT0 to gUSDT automatically. EIP‑7702 (and related AA work) enables EOAs to temporarily delegate execution logic, permitting UX flows like gas sponsorship and ERC‑20‑paid fees without forcing users to manage a separate native token. See EIP‑7702 resources and developer FAQs for the mechanics and security considerations. EIP‑7702 / Account Abstraction resources. (eip7702.dev)

Use cases and ecosystem impact

Low‑friction USDT payments and microtransactions: by standardizing gas and settlement around USDT, Stable enables applications (merchants, payroll, remittances) to denominate fees and value in the same asset.
DeFi and rails for USDT liquidity: using OFT and LayerZero gives immediate access to cross‑chain USDT liquidity and allows protocols to build omnichain USDT-native features (aggregators, swaps, roll‑ups).
Institutional flows & guaranteed blockspace: Stable’s roadmap includes features like Guaranteed Blockspace, appealing to institutions that want predictable settlement costs denominated in fiat‑pegged assets.

(Technical roadmap and feature set described in Stable’s roadmap and architecture pages.) Stable roadmap — USDT features. (docs.stable.xyz)

Risks, regulatory and market considerations

Reliance on Tether / USDT health

Because gUSDT and USDT0 are pegged to USDT liquidity, their functional health is inherently linked to Tether’s reserves, transparency and market trust. Any episodes that materially affect USDT’s peg or market confidence will ripple through usage of gUSDT onchain. Recent ratings and reserve discussions for Tether highlight that reserve composition and regulatory scrutiny can influence market perceptions and liquidity supply — a systemic risk for USDT‑centric rails. [FT — S&P commentary on Tether reserves]. (ft.com)

Compliance design and censorship controls

Stable enforces the same blocklist / OFAC controls for gUSDT and USDT0; the protocol intentionally limits cross‑chain transferability of the native gas token to avoid accidental transfers to unsupported networks or CEXs. That design reduces user mistakes but also means the chain’s operations explicitly include regulatory compliance surfaces that builders must understand. Stable — USDT blocklist and transfer restrictions. (docs.stable.xyz)

Broader stablecoin market dynamics

Macro trends in the stablecoin sector (market cap shifts, legislative developments, volatility in trading volumes) will shape demand for a USDT‑first chain. For example, recent monthly movements in total stablecoin capitalization and USDT’s market share affect liquidity and yield dynamics across L2s and appchains. [CoinDesk — stablecoin market reports]. (coindesk.com)

Price outlook and token economics — what to expect

Important framing: gUSDT is a native gas representation pegged 1:1 to USDT; it is not a speculative native token with independent monetary policy. Therefore:

Short‑term and medium‑term "price" moves for gUSDT should track USDT peg dynamics; gUSDT is expected to remain approximately USD‑pegged because it is effectively a gas wrapper over USDT0.
Volatility drivers are therefore external: USDT reserve events, large cross‑chain flows, or network congestion that temporarily creates demand for gUSDT on Stable could cause transient local scarcity (i.e., small premium on DEXs or bridge flows), but these are arbitrageable given the bridging/unwrapping utilities.
Long‑term adoption upside depends on demand for onchain USDT settlement: if Real‑World Asset (RWA) flows, institutional USDT settlement, or consumer payment rails migrate to USDT‑centric chains, gUSDT usage (transaction volume, fee revenue for validators) will grow — but that is not the same as “price appreciation” in a speculative token sense.

In short: gUSDT’s “value” outlook is a function of USDT health + Stable network adoption, not tokenomics that create scarcity‑driven appreciation.

Development roadmap & likely product evolution

Key near‑term developments to watch (based on Stable’s roadmap and industry trends):

Wider LayerZero integrations and deeper cross‑chain liquidity partnerships (reducing bridging friction and improving destination‑gas UX).
Continued rollouts of Account Abstraction features (EIP‑7702 adoption, bundler/paymaster ecosystems) that will make gas‑in‑USDT seamless for end users.
Institutional tooling: APIs for Guaranteed Blockspace and service‑level agreements that denominate cost in USDT for predictable execution.
Privacy and confidentiality features (e.g., confidential transfers) balanced with compliance tooling to keep enterprise users comfortable.

Each of these extensions increases the utility of gUSDT as an operational unit of account for applications, not as a speculative asset.

(See Stable’s technical roadmap and key features.) Stable technical roadmap summary. (docs.stable.xyz)

Practical guidance — how users and builders should approach gUSDT

For users

Onboard via audited bridges (Stargate / LayerZero adapters) and enable “destination gas convert” if you want gUSDT for immediate transactions. Follow Stable’s bridging guide and confirm destination gas amounts prior to bridging. Stable — how to obtain gUSDT / bridging guide. (docs.stable.xyz)
Avoid manually transferring gUSDT off‑network; use USDT0 for cross‑chain transfers to prevent locked/unsupported assets.

For builders and integrators

Design dApps assuming users will primarily hold USDT0; integrate paymaster/bundler support for gas sponsorship and UX flows.
Monitor OFT/LayerZero credit and liquidity parameters to ensure predictable UX across chains.

Security and custody considerations (hardware wallet relevance)

Interacting with account abstraction, bundlers, and onchain unwrap/bridge flows increases UX simplicity but does not eliminate the need for secure key custody. When users authorize conversions, set destination gas amounts, or sign batched transactions enabled by EIP‑7702 flows, private keys remain the ultimate control point.

Recommended practice: hold keys in a hardware wallet or secure enclave, review paymaster permissions before approving sponsored transactions, and use wallets that display transaction details clearly.
OneKey provides a secure, non‑custodial hardware wallet experience with support for EVM‑compatible networks and integrations (extension and mobile), enabling safer signing of account‑abstraction flows while keeping private keys offline. For users planning to bridge funds and interact with Stable’s unwraps or bundlers, a hardware wallet reduces signing risk and exposure to browser compromises.

(Note: consult OneKey’s product documentation and the dApp’s integration notes when connecting hardware wallets to bundlers or paymaster flows.)

Conclusion — outlook and recommendations

gUSDT represents a pragmatic, infrastructure‑level approach to making a leading stablecoin (USDT) the native medium for fees and settlement on a purpose‑built chain. Its success depends on three intertwined factors:

The continued primacy and liquidity of USDT in the broader crypto markets.
Smooth cross‑chain plumbing via LayerZero/OFT and user‑friendly account abstraction tooling (EIP‑7702, bundlers/paymasters).
A governance and compliance posture that balances regulatory expectations (blocklists / OFAC alignment) with open‑rail access for users.

For most users, gUSDT should be viewed as an operational convenience rather than a speculative asset. Builders and institutions that depend on USDT rails may find meaningful value in Stable’s design; retail users will benefit from the reduced UX friction if paymasters and bundlers are widely available.

If you plan to bridge real funds, convert USDT0 ↔ gUSDT, or interact with paymasters and bundlers, secure your private keys with a hardware wallet. OneKey’s secure key custody and broad EVM support can simplify safe participation in account‑abstraction enabled chains while keeping your keys offline.

References & further reading

Stable — USDT as native gas token (gUSDT & USDT0 overview). Stable Docs. (docs.stable.xyz)
Stable — How to obtain gUSDT (bridging and unwrap guide). Stable Developers Guide. (docs.stable.xyz)
LayerZero — Omnichain Fungible Token (OFT) standard and cross‑chain liquidity primer. LayerZero OFT documentation. (layerzero.network)
EIP‑7702 & Account Abstraction resources (overview and getting started). EIP‑7702 resources. (eip7702.dev)
Stablecoin market dynamics & recent reporting (market cap, USDT dominance). CoinDesk — Stablecoins report (Nov 2025). (coindesk.com)
Tether reserves and market commentary (regulatory / ratings context). Financial Times — S&P assessment of Tether reserves (coverage). (ft.com)