USDT0, a crosschain stablecoin engineered by Everdawn and Layer Zero, is the omnichain-ready bridged version of Tether’s USDt. With this integration, Optimism becomes the latest blockchain to be supported by Bitfinex so its customers can deposit and withdraw USDT0 on this network, and follows similar integrations on Ink and Arbitrum.
Optimism is a layer‑2 scaling solution for Ethereum that leverages optimistic rollup technology to enhance transaction throughput and reduce fees. Recent Superchain data shows that the OP Superchain currently processes approximately 52% of all transactions on Ethereum’s layer-2 (L2), compared to 36.6% in September, while the Total Value Locked (TVL) on the network has surpassed $4.2 billion.
Developed by Everdawn and Layer Zero, USDT0 is managed by the USDT0 Consortium, an ecosystem initiative launched by a consortium using LayerZero’s OFT standard, and which is designed to expand USDt utility across blockchains. Bitfinex customers can convert their USDt balances into USDT0 directly on the platform and then withdraw them to supported blockchains.
Designed for seamless interoperability on the Optimism network, Bitfinex’s support of USDT0 on the Optimism network is the latest addition to the stablecoin’s rollout. This integration marks Bitfinex’s response to current market demands by enhancing stablecoin liquidity and transaction efficiency on a high-performance L2 platform.
“USDT0 stands as one of the most innovative stablecoins on the market, and it aligns with our mission to bring digital assets closer to everyday use,” said Anoush Bhasin, Head of Listings at Bitfinex. “Our support of USDT0 on Optimism opens a direct channel for our customers to enjoy fast, cost-efficient transactions in a scalable ecosystem.”
To learn more, customers can visit https://www.bitfinex.com/?refcode=0bC4Lljc.
Please note that USDT0 is not directly issued or redeemable by Tether.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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