USDT0 deploys on OP Superchain

Superchain, a network of layer-2 chains designed to scale Ethereum, accounts for more than half of Ethereum L2 transactions, and is expected to reach 80% this year.

Crosschain US-dollar stablecoin USDT0 has been deployed to Optimism’s Superchain, increasing access to the world’s most widely used stable asset across Ethereum’s layer-2 ecosystem.

On March 27, Optimism announced that the dollar-pegged USDT0 is now live on the OP mainnet. The crosschain stablecoin’s first deployment was on Ink, Kraken’s DeFi-focused layer-2.

USDT0 is essentially a bridged version of Tether’s USDt (USDT), designed to extend the stablecoin’s adoption across various blockchains. It launched within the Tether ecosystem independently in January, with support from Tether and its CEO, Paolo Ardoino.

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