Tether-pegged USDT0 omnichain stablecoin passes $50 billion in cumulative transfers

USDT0, the omnichain stablecoin pegged to Tether's USDT and issued by Everdawn Labs, has surpassed $50 billion in cumulative transfers, with over one-fifth of that volume occurring in the last month. Launched in January 2025, USDT0 is positioned as the fastest-growing cross-chain USDT liquidity network, supporting payments and settlement across 15 networks including Ethereum, Arbitrum, Sei L2s, and Solana. USDT0 functions as a fully on-chain representation of USDT, minted on destination chains using LayerZero's Omnichain Fungible Token standard to maintain a 1:1 backing. Tether CEO Paolo Ardoino stated that USDT0 transforms stablecoins into a "true monetary mesh infrastructure." Everdawn Labs also manages XAUT0, an omnichain version of Tether Gold, and the USDT0 project originated as a startup within the Tether ecosystem.

(Source：The Block)