Catenaa, Friday, November 28, 2025-Everdawn Labs’ USDT0 stablecoin, pegged to Tether, has surpassed $50 billion in cumulative transfers, marking rapid adoption across 15 blockchains.
Over one-fifth of the total was moved in the last month.
Launched in January 2025 using LayerZero’s Omnichain Fungible Token standard, USDT0 enables a representation of USDT on chains where it is not natively issued.
The tokens are minted on each destination chain and maintain a 1:1 backing with Tether’s USDT.
Since its launch, USDT0 has powered more than 415,000 transactions across networks including Ethereum, Arbitrum, Ink, Sei L2s, Bitcoin-based layers Corn and Rootstock, and payments-focused networks Conflux and Plasma. Alternative networks such as HyperLiquid and Solana also support the token.
The stablecoin provides infrastructure for payments, remittances, and institutional settlement across major blockchain ecosystems.
Everdawn Labs describes USDT0 as a “monetary mesh infrastructure” that expands the usability of digital assets beyond single-chain limitations.
USDT0 is part of Everdawn Labs’ broader omnichain strategy, which also includes XAUT0, 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.
The launch of other omnichain stablecoins, such as Paxos and LayerZero’s USDG0 backed by multiple firms, highlights growing competition in cross-chain digital asset infrastructure.
