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Tether has launched its cross-chain stablecoin, USDT0, on Optimism’s Superchain, enhancing the accessibility of its widely-used stable asset within Ethereum’s layer-2 ecosystem.
Integration with OP Superchain
On March 27, Optimism announced that USDT0 is now live on the OP mainnet. This deployment follows USDT0’s initial launch on Ink, Kraken’s DeFi-focused layer-2 platform. USDT0 serves as a bridged version of Tether’s USDt (USDT), designed to extend stablecoin adoption across multiple blockchains.
Growth of the Superchain Network
The Superchain network, utilizing Optimism’s OP Stack to scale Ethereum, currently accounts for 52% of Ethereum layer-2 transactions. Since September, its dominance has grown from 36.6% to 51.9% of all transactions. Optimism’s Chief Growth Officer, Ryan Wyatt, projects that the Superchain will account for 80% of Ethereum L2 transactions this year.
Stablecoin Market Expansion
The total value of all stablecoins in circulation has reached nearly $228 billion, with Ethereum hosting 58% of this supply. Tether’s USDt remains the most widely used stable asset, and the deployment of USDT0 on the Superchain is expected to attract more top-tier assets, applications, and partners to the collective, highlighting the pivotal role of stablecoins in driving DeFi adoption.
