The world’s largest stablecoin issuer, Tether, announced that it has completed a strategic investment in interoperability protocol developer LayerZero Labs to support the development of efficient and secure cross-chain technology. Tether confirmed the news in a statement released on Tuesday but did not disclose the actual investment amount.
LayerZero Labs’ cross-chain communication protocol, integrated with Everdawn Labs technology, has been used to create the full-chain version of USDT, “USDT0,” allowing this globally most widely used US dollar stablecoin to seamlessly extend to blockchains where USDT has not yet been issued for circulation and use.
Tether stated that USDT0 is minted using LayerZero’s “Omnichain Fungible Token (OFT)” standard and is maintained with a 1:1 asset backing with USDT. Since its launch in early 2025, USDT0 has facilitated over $70 billion in cross-chain value transfers.
Tether CEO Paolo Ardoino said in the statement, “The interoperability technology built by LayerZero enables digital assets to transfer instantly between any transmission layer and distributed ledger. This is not only a technological breakthrough but also an indispensable infrastructure for the future of the financial industry.”
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