Tether-linked cross-chain stablecoin USDT0 cumulative trading volume surpasses $100 billion

CoinFeed June 25 news, according to The Block, Tether's cross-chain stablecoin solution USDT0 cumulative on-chain trading volume has exceeded $100 billion, with current circulating supply of about $4.1 billion. USDT0 is built by Everdawn Labs based on LayerZero's Omnichain Fungible Token standard, pegged 1:1 to USDT, natively integrated on 23 chains including Arbitrum, Polygon, Plasma, and connected to other networks via Legacy Mesh. USDT0 is the third largest USDT holder after Binance and OKX, with average single transaction size exceeding $110,000.