Tether Launches USDT0 on OKX X Layer

OKX and Tether Launch USDT0 on X Layer for Unified Liquidity

• OKX and Tether have launched USDT0, a bridged variant of Tether’s USDT, on OKX’s Ethereum Layer 2 network, X Layer.
• The integration supports deposits and withdrawals through OKX Wallet and Exchange, providing unified liquidity across multiple DeFi ecosystems like Arbitrum, Optimism, Unichain, Polygon, and Berachain.
• USDT0 utilizes LayerZero’s Omnichain Fungible Token standard to ensure scalable, verifiable cross-chain stablecoin transfers with a 1:1 backing to canonical USDT.
• The system has processed over $11 billion in bridge volume across more than 251,000 cross-chain transfers.
• X Layer was launched by OKX to reduce transaction costs and enhance scalability while utilizing OKB tokens for gas fees.

OKX and Tether have partnered to introduce USDT0 on X Layer, enabling seamless access to unified liquidity across various DeFi ecosystems. The integration leverages LayerZero technology for scalable cross-chain transfers.