Plasma has transferred over 1 billion USDT to USDT0 in preparation for the mainnet launch.
According to ChainCatcher, analyst Emmett Gallic reports that Plasma has transferred over 1 billion USDT to USDT0 in preparation for the mainnet launch. This will enable Plasma to have significant USDT liquidity immediately.
USDT0 is a cross-chain USD stablecoin launched by Tether, aiming to expand USDT to new blockchains, provide a seamless experience for users and developers, and always maintain a 1:1 peg with USDT on Ethereum. USDT0 is built using LayerZero's OFT standard for deploying and transferring assets on new chains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise Dogecoin ETF BWOW may be listed on NYSE Arca as early as Wednesday
The US Dollar Index (DXY) fell more than 0.5% intraday and is now at 99.7.
Bitget Wallet launches crypto asset "bank transfer" feature, now available in Nigeria and Mexico
Trending news
MoreCrypto prices
More
