USDT0 Price Data
USDT0 (USDT0)
currently has a price of
£0.75
and is
down
-0.019%
over the last 24 hours. The cryptocurrency is ranked
–
with a market cap of
£3B.
Over the last 24 hours, it saw
£93.5M
of trading volume. The token has a circulating supply of
4.1B
tokens out of a total supply of
4.1B
tokens.
USDT0 is an omnichain extension of Tether’s USD₮, created to streamline stablecoin transfers across multiple blockchains. Built on LayerZero’s Omnichain Fungible Token (OFT) standard, it replaces fragmented wrapped-token models with a lock-and-mint system: USD₮ is secured in escrow on Ethereum, while an equivalent amount of USDT0 is minted on the destination chain; when burned, the underlying USD₮ is released. This ensures every USDT0 remains 1:1 backed by USD₮, preserving stability and transparency. By eliminating the reliance on fragmented bridge liquidity, USDT0 improves capital efficiency, simplifies cross-chain transactions, and reduces counterparty risks for users moving stablecoins between ecosystems. The project is being advanced by Everdawn Labs in partnership with Tether.
