Tether-Pegged USDT0 Adoption Skyrockets: Crossing $50B in Transfers!
Since its debut, the cumulative transfers of Everdawn Labs’ omnichain stablecoin USDT0 have exceeded $50 billion. Thus, the company stated that 15 blockchain networks had significantly adopted the stablecoin. In just the last month, the Tether-pegged stablecoin logged more than one-fifth of its total transfer volume. This indicates a significant increase in its use in recent times, according to project statistics.
Tether‘s dollar-pegged token is represented by USDT0, which was introduced in January 2025 using LayerZero’s Omnichain Fungible Token protocol. On blockchain networks where Tether is not natively issued, it enables users to access it. According to Everdawn Labs, the tokens are created on each destination chain and have a 1:1 backing with Tether.
USDT0 Hits 415K Transactions Across Major Blockchain Networks
Over 415,000 transactions have been handled by the token on various networks, such as Ethereum, Arbitrum, Ink, and Sei Layer 2 networks. According to the company, it has also run on payments-focused networks like Conflux and Plasma as well as Bitcoin-based layers like Corn and Rootstock. The currency is also supported by other networks, such as Solana and HyperLiquid. According to Everdawn Labs, the stablecoin offers infrastructure for institutional settlement, payments, and remittances within significant blockchain ecosystems. The system, which the business refers to as monetary mesh infrastructure, is intended to increase the utility of digital assets beyond single-chain constraints.
Everdawn Labs Drives Tether’s Omnichain Expansion
Together with an omnichain version of Tether Gold, USDT0 is a component of Everdawn Labs’ larger omnichain strategy. Within the Tether ecosystem, the initiative started out as a startup. It was initially released on the INK Layer 2 network, which was nurtured by Kraken. The debut comes after other omnichain stablecoins from firms like LayerZero and Paxos were introduced. This reflects the increasing rivalry in the infrastructure of cross-chain digital assets.
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