Stellar Taps into $180B+ USDT Liquidity Pool with USDT0 Launch

The Stellar network has gained access to over $180 billion in USDT liquidity after the launch of USDT0, an omnichain version of Tether's stablecoin. This integration, powered by LayerZero's Omnichain Fungible Token (OFT) standard, allows users on Stellar to move USDT across chains without dealing with wrapped tokens or fragmented liquidity pools.

Unlike traditional bridged tokens, USDT0 uses a burn-and-mint mechanic, where tokens are burned at the source and freshly minted at the destination. This process is secured by a 3/3 Decentralized Verification Network (DVN), which requires three independent verifiers to sign off on every cross-chain transfer before it executes.

The USDT0 network spans over 20 chains, including Ethereum, Solana, and Hedera, with Stellar joining the list. The integration was made possible through Everdawn Labs, a company holding a license from Tether to operate USDT0. All tokens in circulation are backed 1:1 by real USDT locked on the Ethereum network.