Everdawn labs' tether-pegged omnichain stablecoin usdt0 has seen over $50 billion in transfers across 15 networks, with more than a fifth of that volume occurring in the last month.
summary
- Launched in January 2025 via Layerzero's Omnichain Alternative Token Standard, USDT0 extends Tether's exposure to chains on which USDT is not native.
- The token has processed over 415,000 transactions across networks such as Ethereum, Arbitrum, Inc., Sei, Bitcoin Layer, Conflux, Plasma, Hyperliquid, and Solana.
- usdt0 is positioned as a “currency mesh infrastructure,” supporting payments, remittances, and institutional settlements in everdawn labs’ broader omnichain strategy.
Everdawn Labs' Omnichain stablecoin USDT0 has seen over $50 billion in cumulative transfers since its launch and significant adoption across 15 blockchain networks, the company reported.
Stablecoins pegged to Tether accounted for more than a fifth of total transfers last month alone, according to project data.
Omnichain’s USDT0 increases holdings of short-term securities
Launched in January 2025 using LayerZero's Omnichain Fungible Token standard, USDT0 allows Tether's dollar-pegged tokens to be expressed on blockchain networks that are not natively issued. According to Everdawn Labs, the tokens will be minted on each destination chain and maintain 1:1 backing with Tether.
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The token has processed more than 415,000 transactions across networks including Ethereum, Arbitrum, Inc., Sei's Layer 2 networks, Bitcoin-based layers Corn and Rootstock, and payments-focused networks Conflux and Plasma, the company said. Alternative networks such as HyperLiquid and Solana also support this token.
According to Everdawn Labs, stablecoins provide the infrastructure for payments, remittances, and institutional settlements across major blockchain ecosystems. The company describes the technology as a “monetary mesh infrastructure” designed to expand the usability of digital assets beyond the limitations of a single chain.
USDT0 is part of Everdawn Labs' broader omnichain strategy, which also includes an omnichain version of Tether Gold. The project began as a startup within the Tether ecosystem and was first published on the INK Layer 2 network incubated by Kraken.
The announcement follows the introduction of other omnichain stablecoins by companies such as Paxos and LayerZero, and reflects increased competition in cross-chain digital asset infrastructure.
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