Gate News: On March 26, the cross-chain stablecoin protocol USDT0 was launched on Tempo, a payment-focused public blockchain developed jointly by Stripe and Paradigm. USDT0 is issued based on LayerZero’s Omnichain Fungible Token (OFT) standard, maintaining a 1:1 peg with USDT. It enables “bridge-free” transfers across multiple chains through a locking and minting/burning mechanism. Currently, USDT0 has been deployed on at least 23 networks, including Ethereum mainnet, major Layer 2 networks, Monad, HyperLiquid, as well as Bitcoin scaling networks Corn, Rootstock, and USDT-specific networks Stable, Plasma, etc.
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