Everdawn labs’ tether-pegged omnichain stablecoin usdt0 has surpassed $50b in transfers throughout 15 networks, with over one-fifth of quantity occurring within the final month.
Abstract
- Usdt0, launched in January 2025 through layerzero’s omnichain fungible token commonplace, extends tether publicity to chains the place usdt shouldn’t be native.
- The token has processed greater than 415,000 transactions throughout networks similar to ethereum, arbitrum, ink, sei, bitcoin layers, conflux, plasma, hyperliquid, and solana.
- Positioned as “financial mesh infrastructure,” usdt0 underpins funds, remittances, and institutional settlement in everdawn labs’ wider omnichain technique.
Everdawn Labs’ omnichain stablecoin USDT0 has surpassed $50 billion in cumulative transfers since its launch, the corporate reported, marking important adoption throughout 15 blockchain networks.
The stablecoin, which is pegged to Tether, recorded greater than one-fifth of its complete switch quantity previously month alone, based on information from the undertaking.
Omnichain’s USDT0 will increase holdings of t-bills
Launched in January 2025 utilizing LayerZero’s Omnichain Fungible Token commonplace, USDT0 permits a illustration of Tether’s dollar-pegged token on blockchain networks the place it isn’t natively issued. The tokens are minted on every vacation spot chain and preserve a 1:1 backing with Tether, based on Everdawn Labs.
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The token has processed greater than 415,000 transactions throughout networks together with Ethereum, Arbitrum, Ink, Sei Layer 2 networks, Bitcoin-based layers Corn and Rootstock, and payments-focused networks Conflux and Plasma, the corporate said. Various networks similar to HyperLiquid and Solana additionally help the token.
The stablecoin supplies infrastructure for funds, remittances, and institutional settlement throughout main blockchain ecosystems, based on Everdawn Labs. The corporate describes the know-how as “financial mesh infrastructure” designed to develop digital asset usability past single-chain limitations.
USDT0 is a part of Everdawn Labs’ broader omnichain technique, which additionally consists of an omnichain model of Tether Gold. The undertaking originated as a startup throughout the Tether ecosystem and was first issued on the Kraken-incubated INK Layer 2 community.
The launch follows the introduction of different omnichain stablecoins from firms together with Paxos and LayerZero, reflecting rising competitors in cross-chain digital asset infrastructure.
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