Tether launched USDT0, a token that enables users and developers across blockchains that do not support USDT to gain exposure to the stablecoin, according to a Jan 16. blog post . USDT0 maintains 1:1 backing with USDT on Ethereum. It is built with Layerzero’s Omnichain Fungible Token (OFT) standard, which facilitates fungible token transfers across chains without wrapping, middlechain, or liquidity pools. The token will launch on cryptocurrency exchange Kraken’s Layer 2, Ink. Further launches are scheduled on the Ethereum Virtual Machine (EVM) compatible Berachain and MegaETH. USDT0 transfers between Ink and Ethereum are now live. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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