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rawal
@rawal
Tether is deploying the new token USDT0 on Kraken's Ether Extension Suite network Ink, leveraging the LayerZero full-chain alternative token standard to develop a cross-chain liquidity layer that simplifies the transfer of USDT across chains and provides a seamless experience. The launch of USDT0 solves the problem of liquidity fragmentation of the stablecoin, reduces the cost of cross-chaining, improves funding efficiency, and enables the smooth transfer of USDT across different blockchains. Tether's CEO said that the USDT0 brings the necessary solution to address the problem of USDT flowing across different ecosystems and optimizes the experience of the users.
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