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Tether Launches Cross-Chain Stablecoin USDT0

Tether launched USDT0 on Kraken’s Layer 2, Ink.
By: Joel Lim • January 17, 2025
Tether Launches Cross-Chain Stablecoin USDT0

Tether launched USDT0, a token that enables users and developers across blockchains that do not support USDT to gain exposure to the stablecoin, according to a Jan 16. blog post.

USDT0 maintains 1:1 backing with USDT on Ethereum. It is built with Layerzero’s Omnichain Fungible Token (OFT) standard, which facilitates fungible token transfers across chains without wrapping, middlechain, or liquidity pools.

The token will launch on cryptocurrency exchange Kraken’s Layer 2, Ink. Further launches are scheduled on the Ethereum Virtual Machine (EVM) compatible Berachain and MegaETH. USDT0 transfers between Ink and Ethereum are now live.

“USDT0 introduces a much needed solution for seamless USDT movement across ecosystems. By improving interoperability and reducing friction, it enhances the user experience in ways that align with the broader vision of Tether. It’s exciting to see this innovation emerge and tackle real market demand,” said Tether's CEO Paolo Ardoino.


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