Tether's USDT0 locks Ethereum-based USDT in a secure contract and issues USDT0 tokens on other blockchains, enabling users to move their assets easily without relying on different bridging services

  • Claim

Name

Tether's USDT0 locks Ethereum-based USDT in a secure contract and issues USDT0 tokens on other blockchains, enabling users to move their assets easily without relying on different bridging services

Types

Claim

Quotes that support claims

Rather than asking users to shuttle tokens between multiple networks using separate bridging services, Tether’s new model locks up Ethereum-based USDT in a secure contract, then issues an equivalent number of USDT0 tokens on other blockchains
USDT0 works by locking USDT on Ethereum and minting the USDT0 token on Ink. This solution eliminates liquidity fragmentation for USDT, offering an omnichain experience for the community

Referenced by

Summary

Crypto news

Data block