Everdawn Labs’ tether-pegged omnichain stablecoin USDT0 has achieved a milestone by surpassing $50 billion in transfers across 15 blockchain networks. More than one-fifth of this volume was recorded in the last month.
Summary
- Launched in January 2025 through LayerZero’s Omnichain Fungible Token standard, USDT0 expands Tether exposure to chains without native USDT support.
- The token has facilitated over 415,000 transactions on networks such as Ethereum, Arbitrum, Ink, Sei, Bitcoin layers, Conflux, Plasma, HyperLiquid, and Solana.
- Described as “monetary mesh infrastructure,” USDT0 serves as the foundation for payments, remittances, and institutional settlements within Everdawn Labs’ omnichain strategy.
Everdawn Labs’ omnichain stablecoin USDT0 has surpassed $50 billion in cumulative transfers since its launch, demonstrating widespread adoption across various blockchain networks.
Pegged to Tether, the stablecoin has seen significant transfer activity in the past month alone, highlighting its growing popularity among users.
Omnichain’s USDT0 Increases Holdings of T-Bills
Introduced in January 2025 using LayerZero’s Omnichain Fungible Token standard, USDT0 allows for the representation of Tether’s dollar-pegged token on networks where it is not originally issued. The tokens are minted on each target chain and maintain a 1:1 backing with Tether, as confirmed by Everdawn Labs.
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The stablecoin has processed over 415,000 transactions across various networks, including Ethereum, Arbitrum, Ink, Sei Layer 2 networks, Bitcoin-based layers Corn and Rootstock, as well as payment-centric networks like Conflux and Plasma. Additionally, alternative networks such as HyperLiquid and Solana also support the token.
Everdawn Labs states that the stablecoin serves as a fundamental infrastructure for payments, remittances, and institutional settlements across major blockchain ecosystems. The technology is referred to as “monetary mesh infrastructure,” aimed at expanding the usability of digital assets beyond the constraints of single chains.
USDT0 is part of Everdawn Labs’ broader omnichain strategy, which includes an omnichain version of Tether Gold. Initially launched on the Kraken-incubated INK Layer 2 network, the project emerged as a startup within the Tether ecosystem.
This launch follows the introduction of other omnichain stablecoins by companies such as Paxos and LayerZero, indicating the increasing competition in cross-chain digital asset infrastructure.
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