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4w ago

OKX and Tether Roll Out USDT0 Across X Layer, Wallet, and Exchange

The OFT-based stablecoin variant enables verifiable 1:1 USDT transfers across chains, reducing reliance on bridges.

OKX collaborates with Tether to launch USDT0 on X Layer and OKX platforms

Overview

  • OKX activated USDT0 support on its Ethereum L2 X Layer, OKX Wallet, and the OKX exchange to unify USDT liquidity for its user base.
  • Users can deposit and withdraw USDT0 directly through OKX platforms for cross-chain access spanning Arbitrum, Optimism, Polygon, Unichain, and Berachain.
  • USDT0 runs on LayerZero’s Omnichain Fungible Token standard, providing verifiable movement backed 1:1 by canonical USDT without wrapped tokens or traditional bridges.
  • The rollout connects OKX’s centralized services with multiple DeFi networks to streamline settlement and liquidity movement.
  • Company figures report more than $11.3 billion in volume across over 251,000 cross-chain transfers via nine pathways, with some features unavailable in Europe.