Everdawn labs’ Omnichain stablecoin USDT0 tops $50b in transfers

Everdawn labs’ tether-pegged omnichain stablecoin usdt0 has surpassed $50b in transfers across 15 networks, with over one-fifth of volume occurring in the last month.

Everdawn Labs’ omnichain stablecoin USDT0 has surpassed $50 billion in cumulative transfers since its launch, the company reported, marking significant adoption across 15 blockchain networks.

The stablecoin, which is pegged to Tether, recorded more than one-fifth of its total transfer volume in the past month alone, according to data from the project.

Omnichain’s USDT0 increases holdings of t-bills

Launched in January 2025 using LayerZero’s Omnichain Fungible Token standard, USDT0 enables a representation of Tether’s dollar-pegged token on blockchain networks where it is not natively issued. The tokens are minted on each destination chain and maintain a 1:1 backing with Tether, according to Everdawn Labs.

The token has processed more than 415,000 transactions across networks including Ethereum, Arbitrum, Ink, Sei Layer 2 networks, Bitcoin-based layers Corn and Rootstock, and payments-focused networks Conflux and Plasma, the company stated. Alternative networks such as HyperLiquid and Solana also support the token.

The stablecoin provides infrastructure for payments, remittances, and institutional settlement across major blockchain ecosystems, according to Everdawn Labs. The company describes the technology as “monetary mesh infrastructure” designed to expand digital asset usability beyond single-chain limitations.

USDT0 is part of Everdawn Labs’ broader omnichain strategy, which also includes an omnichain version of Tether Gold. The project originated as a startup within the Tether ecosystem and was first issued on the Kraken-incubated INK Layer 2 network.

The launch follows the introduction of other omnichain stablecoins from companies including Paxos and LayerZero, reflecting growing competition in cross-chain digital asset infrastructure.