Everdawn Labs’ tether-pegged omnichain stablecoin usdt0 has surpassed $50 billion in transfers across 15 networks, with more than a fifth of the volume occurring in the past month.
Summary
- Launched in January 2025 via Layerzero’s omnichain fungible token standard, usdt0 expands on-chain exposure to chains where usdt is not native.
- The token has processed over 415,000 transactions across networks such as Ethereum, Arbitrum, Ink, Sei, Bitcoin Layers, Conflux, Plasma, Hyperliquid and Solana.
- Positioned as “monetary mesh infrastructure,” usdt0 powers payments, remittances, and institutional settlement in Everdawn Labs’ broader omnichain strategy.
Everdawn Labs’ omnichain stablecoin USDT0 has surpassed $50 billion in cumulative transfers since launch, the company reported, marking significant adoption across 15 blockchain networks.
The stablecoin, which is pegged to Tether, recorded more than a fifth of its total transfer volume last month alone, according to data from the project.
Omnichain’s USDT0 increases Treasury bill holdings
Launched in January 2025 using LayerZero’s Omnichain Fungible Token standard, USDT0 enables a representation of Tether’s dollar-pegged token on blockchain networks where it is not natively issued. The tokens will be minted on each destination chain and maintain 1:1 support with Tether, Everdawn Labs said.
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The token has processed more than 415,000 transactions across networks including Ethereum, Arbitrum, Ink, Sei Layer 2 networks, Bitcoin-based layers Corn and Rootstock, and payment-focused networks Conflux and Plasma, the company said. Alternative networks such as HyperLiquid and Solana also support the token.
According to Everdawn Labs, the stablecoin provides infrastructure for payments, remittances and institutional settlement in major blockchain ecosystems. The company describes the technology as “monetary mesh infrastructure,” designed to extend 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 originated as a startup within the Tether ecosystem and was first released on the Kraken-incubated INK Layer 2 network.
The launch follows the introduction of other omnichain stablecoins from companies such as Paxos and LayerZero, reflecting growing competition in the cross-chain digital asset infrastructure.
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