The existing methods for moving USDT between different blockchains rely on various bridges, which are susceptible to different vulnerabilities

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The existing methods for moving USDT between different blockchains rely on various bridges, which are susceptible to different vulnerabilities

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Key to the cross-chain ambitions of USDT0 is its construction on LayerZero’s Omnichain Fungible Token (OFT) standard, which seeks to address a longstanding concern in decentralized finance: bridge-based vulnerabilities

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

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