Tether-linked cross-chain stablecoin USDT0 cumulative trading volume surpasses $100 billion

PANews June 25 news, according to The Block, Tether's cross-chain stablecoin solution USDT0 has surpassed $100 billion in cumulative on-chain transaction volume, with current circulation around $4.1 billion. USDT0 is built by Everdawn Labs based on LayerZero's Omnichain Fungible Token standard, pegged 1:1 to USDT, natively integrated on 23 chains including Arbitrum, Polygon, and Plasma, and connected to other networks via Legacy Mesh. USDT0 is the third-largest USDT holder after Binance and OKX, with average single transaction size exceeding $110,000. The project team says it has been profitable since its first quarter of establishment, with a focus on providing cross-network infrastructure for stablecoins and the gold token XAUt0, and targeting future AI-dominated automated agent payment scenarios.

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