Tether Launches USDT0 For Cross-Chain Transactions - BeInCrypto
1 day ago · Tether claimed that USDT0 will first launch on Ink, an L2 powered by Kraken. This is a natural choice of partners, as the exchange cooperated with Tether on multiple occasions related to the MiCA rollout. According to Tether, USDT0 will be a cross-chain token that can “establish a seamless pathway for institutional liquidity.”
Tether debuts USDT0 stablecoin on Kraken’s Ink Layer 2
1 day ago · Users can move USDT0 across ecosystems without managing liquidity or using traditional bridge solutions, with the ability to redeem USDT0 for USDT on Ethereum at a 1:1 ratio. Following its debut on Ink, USDT0 is set to integrate with Berachain, a Layer 1 blockchain leveraging a novel Proof of Liquidity mechanism, and MegaETH, a real-time ...
Tether Introduces USDT0 for Cross-Chain Token Transfers
17 hours ago · USDT0’s launch comes as demand for cross-chain solutions continues to grow. The stablecoin sector has seen increased interest in tools that simplify asset movement between different blockchain networks. Tether’s market position includes partnerships with various blockchain platforms. These relationships help expand USDT0’s reach and ...
Tether Launches USDT0 to Expand Cross-chain Interoperability
1 day ago · USDT0’s launch is initially supported by Kraken’s Layer 2 network, Ink, which will also provide institutional-grade pathways. Subsequent rollouts will extend to Berachain and MegaETH. Bryan Pellegrino, Co-founder and CEO of LayerZero Labs, stated:”USDT’s continued expansion with USDT0 and I couldn’t think of a more fitting tagline ...
Tether Floats New Stablecoin USDT0 on Kraken’s Ink Protocol
18 hours ago · For context, the major function of the OFT framework is ensuring that there is a locked USDT on Ethereum backing each USDT0 token minted on a destination blockchain. Introducing USDT0. @Tether_to has completely reshaped global economies and in just over a decade has become the single largest stable asset in the world at almost $140B.
Tether Expands With Kraken’s Ink For USDT0 Stablecoin Launch
1 day ago · Notably, USDT0 debuted on Ink, Kraken’s Ethereum-based Layer 2 solution designed for institutional liquidity and optimized transaction speeds. The integration allows users to deposit and withdraw USDT0 seamlessly through Kraken’s platform. Tether plans to expand USDT0 to other blockchain ecosystems, including Berachain and MegaETH.
USDT0 Marks Next Chapter For Tether In Stablecoin Evolution
1 day ago · Strategic Implementation of USDT0. USDT0 debuts on Kraken’s Ink Layer 2 blockchain, built on the Optimism Superchain.The new token utilizes LayerZero’s Omnichain Fungible Token (OFT) standard, enabling seamless transfers across multiple blockchains without requiring independent deployments or traditional bridge solutions.
Tether taps Kraken’s Ink Layer 2 for the first deployment of its …
1 day ago · Tether has tapped crypto exchange Kraken’s native Ethereum scaling layer, Ink, for the first deployment of its USDT0 token, according to an announcement on Thursday. USDT0 is looking to develop into a cross-chain “unified liquidity layer,” making transferring USDT across the crypto ecosystem easier.
Tether Selects Kraken’s Ink to Deploy its Cross-chain USDT0 …
1 day ago · 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,” he said.
Tether partners with LayerZero to launch cross-chain stablecoin USDT0
1 day ago · Tether and LayerZero announced on Jan. 16 a joint effort to launch USDT0, a multichain version of the Tether USD stablecoin.. The Omnichain Fungible Token (OFT) standard, developed by LayerZero, will power the cross-chain transfers.According to USDT0 documentation, OFT unifies liquidity across connected chains and validates transactions through a decentralized network of oracles and relayers.
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