Tether Launches USDT0 Stablecoin on Kraken's Layer 2 Blockchain, Ink

Tether, one of the leading stablecoin issuers on the market, has officially launched its latest token, USDT0, on capabilities Kraken’s Layer 2 blockchain

Stablecoin issuer Tether has announced the launch of its latest token, USDT0, on Kraken’s Layer 2 blockchain, Ink.

The token is designed to facilitate the circulation of assets across multiple blockchains, creating a more agile and unified flow.

USDT0 utilizes LayerZero’s Omnichain Fungible Token standard, enabling tokens to be created and burned on different networks in a coordinated manner.

This architecture aims to enhance transaction efficiency by reducing intermediary steps and streamlining the experience for those moving cryptocurrencies across multiple environments.

Kraken’s Ink, launched in December 2024, is built on the Ethereum network and boasts capabilities such as faster transaction speeds and lower costs compared to Layer 1.

The solution is powered by the infrastructure of the OP Stack, which contributes to its performance and security.

Tether selected this platform after evaluating its stability and considering the potential for hosting USDT0.

The adoption of USDT0 did not involve any additional financial negotiations between the two organizations, but the strategic alignment and focus on asset protection accelerated the implementation.

Tether, known for its caution when exploring new blockchains, reinforced its emphasis on reliable solutions that promote interoperability with this move.

The presence of USDT0 now paves the way for applications in projects already hosted on Ink, such as the decentralized exchange Velodrome, expanding USDT’s participation in the ecosystem.

This launch adds to Tether’s recent initiatives on different fronts, including research in artificial intelligence and participation in Bitcoin mining operations in El Salvador.