Everdawn Labs’ Omnichain Stablecoin USDT0 Surpasses $50 Billion in Transfers

Everdawn Labs has announced that its tether-pegged omnichain stablecoin, USDT0, has achieved over $50 billion in transfers across 15 different blockchain networks. Notably, more than 20% of this volume occurred in just the past month.

Key Takeaways

Everdawn Labs' USDT0 has exceeded $50 billion in total transfers since its inception.
The stablecoin operates across 15 blockchain networks, with a significant increase in transaction volume recently.
USDT0 utilizes the LayerZero’s Omnichain Fungible Token standard, allowing it to function on various chains.
The token has facilitated over 415,000 transactions, supporting infrastructure for payments and remittances.
The launch of USDT0 reflects the growing trend of omnichain stablecoins, marking increased competition in the digital asset space.

Everdawn Labs’ Omnichain Stablecoin USDT0 Surpasses $50 Billion in Transfers

Overview of USDT0's Growth

Since its launch in January 2025, USDT0 has captured considerable attention within the cryptocurrency sector. According to the company, this stablecoin, which is tied to Tether, has operated on several blockchain networks where it had no native issuance. Each token is minted on its respective destination chain while maintaining a 1:1 backing with Tether.

The USDT0 token has successfully processed more than 415,000 transactions. Supported networks include Ethereum, Arbitrum, Ink, Sei Layer 2, Bitcoin-based layers like Corn and Rootstock, as well as payment-focused platforms such as Conflux and Plasma. Additionally, alternative networks like HyperLiquid and Solana are included in USDT0’s impressive reach.

Infrastructure for Payments and Beyond

Everdawn Labs has emphasized that USDT0 serves as a vital infrastructure for payments, remittances, and institutional settlements across major blockchain ecosystems. The technology, described by the company as "monetary mesh infrastructure," aims to enhance the usability of digital assets beyond the restrictions of single-chain environments.

Moreover, USDT0 is part of a larger omnichain strategy from Everdawn Labs that also encompasses an omnichain version of Tether Gold. Originally established within the Tether ecosystem, USDT0 was first launched on the Kraken-initiated INK Layer 2 network.

The Competitive Landscape

The introduction of USDT0 follows the emergence of other omnichain stablecoins from competitors like Paxos and LayerZero. This trend signals a burgeoning competition in the realm of cross-chain digital asset infrastructure, highlighting the increased relevance of stablecoins as they integrate into broader financial systems.

As the cryptocurrency market continues to evolve, Everdawn Labs’ USDT0 is positioned as a key player in meeting the growing demand for flexible and efficient transactions across different blockchain platforms.