Today, we are thrilled to announce the launch of USDT0.
USDT has completely reshaped global economies and in just over a decade has become the single largest stable asset in the world at almost $140B. It fulfilled crypto’s original promise of banking the unbanked and providing critical financial infrastructure for billions worldwide.
With the introduction of USDT0, this mission now expands further. It extends USDT across new blockchains, enables a seamless experience for users and developers, and always maintains 1:1 backing with USDT on Ethereum.
USDT laid the groundwork.
Today, it accelerates.
Your USDT, Anywhere.
Paolo Ardoino, CEO of Tether, said: “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.”
USDT0 is built using LayerZero's OFT Standard for deployments and asset transfers to new chains.
Bryan Pellegrino, Co-founder and CEO of LayerZero Labs, said: “Years in the making, USDT0 is one of the most exciting things we’ve seen in a very long time. USDT is the single largest stable asset in the world and has enabled tens of billions of transfers and trillions in economic exchange, powering significant global economies and doing more to ‘bank the unbanked’ than any other group in the world. We’re incredibly excited to see USDT’s continued expansion with USDT0 and I couldn’t think of a more fitting tagline than “Your USDT, Anywhere”. We look forward to supporting the growth of USDT and are proud to play a part in enabling fast and seamless transfers for USDT throughout all ecosystems.”
This marks the beginning of an exciting journey for USDT expansion. USDT0 launches today on Kraken’s L2, Ink, with upcoming launches on Berachain and MegaETH in the near future. By bringing the power of USDT to select networks at launch, we are excited to unify one of the most valuable assets in crypto.
USDT0 Brings Your USDT, Anywhere
Transfers of USDT0 between Ink and Ethereum are now live on USDT0.to
The LayerZero OFT Standard ensures that transfers happen securely, quickly, and cheaply. USDT0 tokens can be redeemed by unlocking the corresponding USDT on Ethereum, from any supported chain, which always maintains a strict 1:1 backing.
USDT0 Expansion Plans
Ink: The Gateway to Institutional Liquidity
USDT0 will initially launch on Ink, the L2 unleashed by Kraken: one of the largest and most trusted crypto exchanges in the world. By bringing USDT first to Ink, USDT0 is establishing a seamless pathway for institutional liquidity to leverage the world’s largest stablecoin.
Andrew Koller, founder of Ink, said: “USDT0 and Ink share a commitment to ensuring users and developers have maximum control over their assets and the most seamless access to opportunities possible. USDT0 choosing Ink as its first chain is the beginning of a new standard for how stablecoin liquidity should flow across all chains in the future.”
Additionally, USDT0 is integrated with Kraken, allowing USDT0 deposits and withdrawals from Ink. More integrations within Kraken's tech stack are planned, setting the standard for USDT0 interoperability and paving the way to a worldclass experience for USDT users.
First Wave Partners and Expansion
After Ink, first-wave partners for USDT expansion via USDT0 include Berachain and MegaETH, with more exciting announcements coming in the weeks ahead.
Berachain is an EVM-identical Layer 1 (L1) blockchain built upon the novel Proof of Liquidity (PoL) consensus mechanism, which rewards users who actively contribute resources with the network’s native governance token, $BGT. USDT0 integration on Berachain will be kickstarted on Boyco, the first pre-launch liquidity bootstrapping marketplace built to drive capital directly into core applications on Berachain. Consisting of 11 dApps and 15 asset issuers including USDT0, Boyco is the perfect avenue to park yield seeking capital for Berachain's launch. Pre-deposit vaults for Boyco have already attracted >$1.5B in deposits, a figure which is expected to grow significantly with the opening of the official program, and the addition of high utility assets like USDT0.
MegaETH is the first real-time blockchain, enabling 100,000 transactions per second and sub 10ms block-times while inheriting the security of Ethereum. MegaETH looks forward to leveraging USDT0 across a wide range of DeFi applications and payment products. Integrating real-time applications with the power of Tether distribution will hyper accelerate the next wave of crypto adoption.
Conclusion
USDT is the largest stablecoin in the world and the most sought-after asset onchain for both users and the chains themselves.
USDT0 is how USDT expands.
Your USDT, Anywhere.
Ecosystems interested in adopting USDT0 are encouraged to reach out about implementation opportunities, send an email to integrations@usdt0.to.