Everdawn Labs’ omnichain stablecoin, USDT0, has surpassed $50 billion in cumulative transfers since its launch, the company reported, highlighting strong adoption across 15 blockchain networks. Data from the project shows that over one-fifth of this transfer volume occurred in the past month alone.
Omnichain USDT0 expands Tether holdings
Launched in January 2025 using LayerZero’s Omnichain Fungible Token standard, USDT0 represents Tether’s dollar-pegged token on networks where it is not natively issued. Tokens are minted on each destination chain and maintain a 1:1 backing with Tether, according to Everdawn Labs.
The stablecoin has processed more than 415,000 transactions across networks including Ethereum, Arbitrum, Ink, Sei Layer 2s, Bitcoin-based layers Corn and Rootstock, and payments-focused chains Conflux and Plasma. It is also supported on alternative networks such as HyperLiquid and Solana.
USDT0 provides infrastructure for payments, remittances, and institutional settlements across major blockchain ecosystems. Everdawn Labs describes the technology as “monetary mesh infrastructure,” designed to enhance digital asset usability beyond single-chain limitations.
USDT0 is part of Everdawn Labs’ broader omnichain strategy, which includes an omnichain version of Tether Gold. The project began as a startup within the Tether ecosystem and was first issued on the Kraken-incubated INK Layer 2 network.
The launch comes amid growing competition in cross-chain stablecoins, following releases from companies including Paxos and LayerZero.
