Hassan Maishera
On Wednesday, the Stellar Org announced via X that USDT0, the infrastructure that brings Tether’s USDT to every network, is now live on the Stellar network.
USDT0 gives institutions and individuals the ability to move value onchain with immediate access to billions of dollars of liquidity. Built on LayerZero’s OFT interoperability standard, USDT0 maintains a single unified supply backed 1:1 by USDT.
From day one, Stellar participants tap into the same global liquidity pool shared across LayerZero-connected blockchain ecosystems—no isolated pools, no wrapped tokens, no third-party tooling required. See it in action: move USDT0 to and from any supported chain in a few clicks.
With USDT0 now available on Stellar, DeFi protocols can build around an asset with more than $180 billion in market capitalization. USDT0 can be used as collateral, borrowed against, traded, and put to work across yield opportunities.
That creates more ways for existing USDT holders to put their capital to work on Stellar, expanding the potential pool of participants and capital to include markets where USDT is already a primary settlement asset. USDT0 on Stellar is available on SushiSwap with more DeFi integrations to come.
Stellar is an open-source network with the mission to "create equitable access to the global financial system." Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014.
The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. The network launched in 2014 with the purpose of connecting the world's financial systems by offering a protocol for payment providers and financial institutions that facilitates near-instant global payments and currency exchanges. In 2024, Stellar released protocol 20, enabling full-featured smart contracts to the network. The network is transforming international payments and remittances through safer, faster, and more affordable solutions, and connecting real-world assets to DeFi to enable comprehensive everyday financial services.
The Stellar network’s native digital currency - Lumens (“XLM”) - is used to pay the network’s transaction fees. (XLM can also be used as an intermediate currency for operations. How it works: the protocol converts money in a few seconds, first into XLM, and then into the requested currency.)
XLM is up 1% in the last 24 hours and now trades at $0.1770 per coin.
