USDT0 Stablecoin is now available in CELO, powering interoperability and removing obstacles

Tether's legacy mesh continues to transform the way Stablecoins work on numerous chains.

Today, Celo, the Layer-1 protocol, has revealed that Tether's new Stablecoin, USDT0, is currently living in the Sport of Stake blockchain.

Improved liquidity and interoperability

The deployment of USDT0 at CELO is a major advancement for Stablecoin and the blockchain sector.

According to the announcement, the launch is important as it enables CELO's leading Stablecoin, USDT to efficiently move over 13 other supported blockchains, including Ethereum, Tron, Arbitrum, Ton, and more.

Tether's Legacy Mesh is a network that was announced in February this year and was created to link existing USDT applications to integrated systems across numerous chains (Berachain, Ink, Arbitrum, Ton, Tron, Ethereum).

This network acts as a bridge and allows for smooth and cost-effective USDT movement between these chains without relying on third-party bridges.

Layerzero acts as a cross-chain liquidity layer supporting this system, streamlining the movement of USDT across the network while enhancing the experiences of both customer and builder.

This network removes the need for frequent, sophisticated and expensive third-party bridges for USDT. Simplify transactions, reduce collapse and promote more seamless transfers.

CELO's Growth Network

Tether launched USDT0 in January to solve the issue of ridiculous fragmentation across the chain. With Layerzero's infrastructure support, USDT0 promotes seamless multi-chain transfers, reduces gas bills and improves capital utilization.

USDT Stablecoin is already the world's largest stable asset. However, the fluidity flowing across various blockchains is fragmented, making it difficult for stable tokens to move seamlessly. The cost of expensive cross-chain transaction was a serious obstacle for ordinary investors. USDT0 is intended to solve these challenges.

The ability to seamlessly move USDT between CELO and other blockchains makes CELO a prominent network of Stablecoin utilities. Thanks to today's integration, CELO investors and builders have access to a wider USDT liquidity pool across a variety of ecosystems.

The launch cements Celo's position as a major participant in the Stablecoin sector. Having USDT as a native stubcoin in your network enhances the appeal of CELO to DAPP deployments and mainstream acceptance, along with its own stubcoin (such as CUSD) and other supported ones (such as USDC).