USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers

CN
1 day ago

Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers between Arbitrum and Ethereum will settle within seven days during the migration period, which begins February 4 at 16:00 CET. Third-party bridges, including Stargate, remain unaffected.

Bitcoin.com News reported on Tether unveiling USDT0 in mid-January. Starting Feb. 5, Tether claims that USDT0 transfers via Arbitrum’s official bridge will settle in minutes with sub-cent fees. The legacy Arbitrum USDT bridge will be discontinued post-migration. USDT0 will also enable interoperability with chains like Ink and Berachain, with Megaeth integration planned.

Security audits were conducted by Openzeppelin, Guardian Audits, and Chainsecurity, with deployment verification completed. Chaos Labs will release a public risk audit report post-upgrade. Tether collaborated with Offchain Labs and Layerzero Labs to facilitate contract ownership transfers and infrastructure updates.

Arbitrum’s decentralized finance (defi) protocols, including Aave and GMX, will automatically support USDT0. Tether’s transparency page reported $139.46 billion in USDT net circulation as of Jan. 29, 2025.

The upgrade aims to expand Tether’s Layer two (L2) presence, leveraging Arbitrum’s low fees and fast transactions. Over 1.3 billion USDT is already on the network, with further growth anticipated.

USDT0 is now live on Arbitrum and Ink, with additional chains joining later this year. Users can transfer USDT to Arbitrum via usdt0.to post-upgrade.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink