The post the revolution of Tether and Kraken in the world of cross-chain liquidity appeared on BitcoinEthereumNews.com.
USDT0, the new omnichain stablecoin supported by LayerZero technology and guaranteed by Tether, represents a breakthrough for cross-chain liquidity management. This innovative token, launched on Ink, the layer-2 of Kraken built on the Optimism Superchain, aims to revolutionize the cryptocurrency landscape by eliminating intermediaries and complex bridges. A new era for unified liquidity for Tether USDT0 leverages the Omnichain Fungible Token (OFT) standard by LayerZero, which allows secure and fast transfers between blockchains. Traditionally, USDT required separate implementations on each network, with independent contracts and distinct liquidity pools. With USDT0, all this is simplified: tokens can be transferred between blockchains seamlessly, consolidating liquidity into a single layer. This approach reduces operational inefficiencies, improving capital efficiency and opening new opportunities for DeFi applications and cross-chain trading. Elimination of bridges and intermediaries: users can transfer USDT0 between blockchains without facing the risks and costs associated with traditional bridge systems. Simplified integration: developers can treat USDT0 like any other ERC-20 token, making adoption quick and intuitive. Enhanced access to cross-chain liquidity: users enjoy a smoother experience for trading and DeFi applications. How USDT0 works At the base of the USDT0 model there is a block and release process that ensures security and reliability: Asset lock: USDT is locked on a secure smart contract on the Ethereum Mainnet. Emissione sui chain di destinazione: USDT0 is issued in an equivalent amount on the destination blockchain. Cross-chain transfers: users can transfer USDT0 between supported blockchains without worrying about liquidity. Riscatto: USDT0 can be redeemed by unlocking the original USDT on Ethereum, always maintaining a 1:1 coverage. This system ensures that each USDT0 is fully backed by reserves on Ethereum, maintaining high standards of security and transparency. Ink has been selected as the exclusive launch platform for USDT0 thanks to its focus on improving cross-chain interoperability. The…