Tether has announced the launch of its USDT0 stablecoin across Optimism’s Superchain, following a successful debut on Kraken’s Ink layer 2.
This expansion, revealed on Thursday, will extend USDT0’s presence to the OP Mainnet, with additional launches planned for the near future.
By integrating USDT0 into the Superchain, Tether aims to leverage the growing distribution network of Ethereum scaling solutions. The Superchain is a network of networks, using the OP technical launchpad to share security, standards, and incentives. It currently accounts for nearly half of all Ethereum Layer 2 transactions and is widely adopted by companies like Coinbase, Kraken, Uniswap, Zora, and even major corporations like Sony.
Enhancing DeFi Growth with Interoperability
The move to the Superchain aims to enhance interoperability, allowing assets like USDT0 to seamlessly move between OP Chains with 1-block finality, zero slippage, and a unified security model. This interoperability is expected to drive growth in decentralized finance (DeFi), where capital can flow freely, applications can scale efficiently, and users can transact without barriers.
Omnichain Compatibility for USDT0
USDT0 is designed as an omnichain version of Tether’s USDT stablecoin, with interblockchain compatibility at its core. Like Tether, USDT0 is fully backed by cash and cash equivalents, ensuring stability and reliability as it integrates into the growing ecosystem of Ethereum scaling solutions.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/tether-launches-new-stablecoin-on-optimisms-superchain-boosting-defi-potential/