{"id":125943,"date":"2025-03-27T16:17:22","date_gmt":"2025-03-27T16:17:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125943"},"modified":"2025-03-27T16:17:22","modified_gmt":"2025-03-27T16:17:22","slug":"tethers-crosschain-usdt0-stablecoin-launches-on-op-superchain","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125943","title":{"rendered":"Tether\u2019s crosschain USDT0 stablecoin launches on OP Superchain"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTether\u2019s crosschain US-dollar stablecoin, USDT0, has been deployed to Optimism\u2019s Superchain, increasing access to the world\u2019s most widely used stable asset across Ethereum\u2019s layer-2 ecosystem.<br \/>\nOn March 27, Optimism announced that the dollar-pegged USDT0 is now live on the OP mainnet. The crosschain stablecoin\u2019s first deployment was on Ink, Kraken\u2019s DeFi-focused layer-2.<br \/>\nUSDT0 is essentially a bridged version of Tether\u2019s USDt (USDT) designed to extend the stablecoin\u2019s adoption across various blockchains.<br \/>\nTether launched USDT0 in January in collaboration with the interoperability protocol LayerZero. One month later, Tether selected Arbitrum as the main infrastructure provider for USDT0.<br \/>\nSuperchain is a network of layer-2 chains designed to scale Ethereum through Optimism\u2019s OP Stack. The collective currently accounts for 52% of Ethereum layer-2 transactions, according to data tracked by Superchain.<br \/>\nSince September, Superchain\u2019s L2 dominance has grown from 36.6% of all transactions to 51.9%. Source: Superchain Health DashboardIn February, Optimism\u2019s chief growth officer, Ryan Wyatt, told Cointelegraph that Superchain will likely account for 80% of Ethereum L2 transactions this year. At the time, Superchain secured more than $4 billion in total value \u2014 a figure that has since grown to $4.2 billion.<br \/>\nRelated: Celo, Chainlink, Hyperlane launch crosschain UDT on OP Superchain<br \/>\nStablecoin adoption heats up<br \/>\nSuperchain said that deploying USDT0 is expected to attract \u201cmore top-tier assets, applications and partners\u201d to the collective, which highlights the role stablecoins play in fueling DeFi adoption.<br \/>\nThe total value of all stablecoins in circulation has reached nearly $228 billion, having increased 3.3% over the past 30 days. According to RWA.xyz, there are more than 155 million stablecoin holders worldwide.<br \/>\nEthereum accounts for 58% of the total stablecoin supply.<br \/>\nIn terms of market cap, Ethereum is by far the largest network for stablecoins. Tether\u2019s USDt is the most widely used stable asset. Source:\u00a0RWA.xyzTether has long had a first-mover advantage in the stablecoin market. The company has emerged as one of the world\u2019s largest holders of US Treasury assets, which has helped fuel its record-breaking profits in recent years.<br \/>\nWith President Donald Trump in the White House, dollar-pegged stablecoins have become a major policy driver in the United States.<br \/>\nThe head of Trump\u2019s council on digital assets, Bo Hines, recently told a conference in New York that comprehensive stablecoin regulations could arrive on the president\u2019s desk within two months.<br \/>\nRelated: Tether\u2019s US Treasury holdings surpass Canada, Taiwan, ranks 7th\u00a0globally<a href=\"https:\/\/cointelegraph.com\/news\/tether-crosschain-usdt0-op-superchain?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTether\u2019s crosschain US-dollar stablecoin, USDT0, has been deployed to Optimism\u2019s Superchain, increasing access to the world\u2019s most widely used stable asset across Ethereum\u2019s layer-2 ecosystem. On March 27,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125943"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125943"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125943\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125943"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}