USDT0 on OP Superchain: The Crypto World’s New Darling

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Darling, brace yourself! The crosschain US-dollar stablecoin, USDT0, has sashayed onto Optimism’s Superchain, making the world’s most popular stable asset even more accessible across Ethereum’s layer-2 ecosystem. 🎭

On March 27, Optimism, with all the flair of a Broadway debut, announced that the dollar-pegged USDT0 is now live on the OP mainnet. Its first performance? On Ink, Kraken’s DeFi-focused layer-2. Bravo! 👏

USDT0, my dear, is essentially a bridged version of Tether’s USDt (USDT), designed to spread the stablecoin’s charm across various blockchains. A true globetrotter, isn’t it? 🌍

Tether launched USDT0 in January, hand in hand with the interoperability protocol LayerZero. A month later, Tether crowned Arbitrum as the main infrastructure provider for USDT0. Quite the power couple, wouldn’t you say? 💼

Superchain, darling, is a network of layer-2 chains designed to scale Ethereum through Optimism’s OP Stack. This collective currently accounts for 52% of Ethereum layer-2 transactions, according to data tracked by Superchain. Impressive, isn’t it? 📊

In February, Optimism’s Chief Growth Officer, Ryan Wyatt, told CryptoMoon that Superchain will likely account for 80% of Ethereum L2 transactions this year. At the time, Superchain had secured more than $4 billion in total value, which has since grown to $4.2 billion. Money talks, darling! 💰

Stablecoin adoption heats up

Superchain said deploying USDT0 is expected to attract “more top-tier assets, applications and partners” to the collective, which highlights the role stablecoins play in fueling DeFi adoption. A match made in crypto heaven! 💘

The 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. Everyone’s getting in on the act! 🌐

Ethereum accounts for 58% of the total stablecoin supply. The belle of the ball, indeed! 💃

Tether has long had a first-mover advantage in the stablecoin market. The company has emerged as one of the world’s largest holders of US Treasury assets, which has helped fuel its record-breaking profits in recent years. A true titan of industry! 🏦

With US President Donald Trump in the White House, dollar-pegged stablecoins have become a major policy driver in the United States. Politics and crypto, what a duo! 🎩

The head of Trump’s council on digital assets, Bo Hines, recently told a conference in New York that comprehensive stablecoin regulations could arrive on the president’s desk within two months. The plot thickens! 🕵️‍♂️

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2025-03-27 19:21