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OKX Teams Up With Tether to Bring USDT0 to X Layer, Wallet and Exchange
Yahoo Financeยท 2025-09-09 19:23
Core Insights - OKX has partnered with Tether to integrate USDT0 onto its X Layer, enhancing liquidity access for users across decentralized finance ecosystems [1][5] - USDT0 is designed to facilitate seamless omnichain transfers, ensuring each transfer is verifiable and backed 1:1 by canonical USDT, thus improving transparency and reducing complexity [3][4] - The integration aims to create a more efficient infrastructure for on-chain finance by enabling faster settlements and direct liquidity movement between centralized and decentralized markets [4] Company Developments - X Layer is positioned as OKX's dedicated Ethereum Layer 2 network, aimed at connecting users and developers to the broader Ethereum ecosystem, providing a streamlined user experience [5] - Star Xu, CEO of OKX, emphasizes the importance of USDT0 in empowering customers with stable omnichain liquidity and bridging centralized and decentralized finance [5] Market Impact - USDT0 has achieved over $11.3 billion in bridge volume within less than a year, with more than 251,000 cross-chain transfers, making it the most active OFT in the LayerZero ecosystem [6] - The expansion of USDT0 is seen as a significant step in making stablecoins more usable and reducing friction in on-chain finance, according to Lorenzo R., co-founder of USDT0 [7]