Tether launches a new stablecoin USDT0 on the Layer 2 blockchain Kraken, Ink, to improve compatibility and expand the capabilities of USDT across different blockchains. USDT0 uses the LayerZero standard to simplify cross-chain transfers and liquidity without using traditional bridges. USDT tokens on Ethereum will be locked, while similar USDT0 tokens will be issued on other chains, which can be exchanged back at a 1:1 ratio. Future integration with Berachain and MegaETH is planned.
1/17/2025 11:27:27 AM (GMT+1)
Tether introduces the new stablecoin USDT0 on the Layer 2 blockchain Kraken Ink, improving compatibility and liquidity of USDT across blockchains using the LayerZero standard 🌐
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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