Everdawn labs’ Omnichain stablecoin USDT0 tops $50b in transfers
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 by way of layerzero’s omnichain fungible token commonplace, extends tether publicity to chains the place usdt is just not native.
- The token has processed greater than 415,000 transactions throughout networks akin 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 vital adoption throughout 15 blockchain networks.
The stablecoin, which is pegged to Tether, recorded greater than one-fifth of its complete switch quantity up to now month alone, in accordance with knowledge from the venture.
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 keep a 1:1 backing with Tether, in accordance with 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 acknowledged. Different networks akin to HyperLiquid and Solana additionally assist the token.
The stablecoin gives infrastructure for funds, remittances, and institutional settlement throughout main blockchain ecosystems, in accordance with Everdawn Labs. The corporate describes the expertise as “financial mesh infrastructure” designed to broaden digital asset usability past single-chain limitations.
USDT0 is a part of Everdawn Labs’ broader omnichain technique, which additionally contains an omnichain model of Tether Gold. The venture originated as a startup inside 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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