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Everdawn Labs’ USDT0 has surpassed $50 billion in cumulative transfers, underscoring the accelerating rise of omnichain stablecoins in 2025. The company confirmed the development on Thursday, noting that more than one-fifth of the token’s lifetime transfer volume occurred within the last month.
Launched in January 2025, USDT0 is a Tether-pegged token built on LayerZero’s Omnichain Fungible Token standard. The design allows users to move value across networks where USDT is not natively issued.
In its announcement, Everdawn Labs emphasized that the system mints representations of the stablecoin on destination chains while maintaining a 1:1 backing with Tether. This model, rooted in omnichain stablecoins, has positioned USDT0 at the center of emerging cross-chain financial infrastructure.
Everdawn Labs said USDT0 has processed more than 415,000 transactions spanning Ethereum, Arbitrum, INK, Sei, Bitcoin-based layers such as Corn and Rootstock, and payments-focused chains including Conflux and Plasma.
Alternative platforms like HyperLiquid and Solana have also integrated the token, further expanding its footprint among users seeking seamless movement of assets enabled by omnichain stablecoins.
The project describes its architecture as “monetary mesh infrastructure,” a term Everdawn Labs uses to frame the role of omnichain stablecoins in connecting fragmented blockchain networks. According to the company, this infrastructure supports payments, remittances, and institutional settlement by reducing dependency on single-chain liquidity.
“Monetary mesh infrastructure” — Everdawn Labs, in its statement — reflects the team’s effort to present USDT0 as more than a wrapped asset.
By leveraging the properties of omnichain stablecoins, the platform aims to reduce operational friction for exchanges, remittance providers, and decentralized applications that require stable dollar liquidity across multiple ecosystems.
The token’s underlying model offers exposure to Tether on chains where USDT is unavailable, expanding circulation while ensuring the familiar peg stability. For investors, the surge in USDT0 transactions signals growing confidence in omnichain stablecoins as a mechanism to bridge otherwise siloed environments.
USDT0 is a key piece of Everdawn Labs’ wider strategy, which includes omnichain versions of other assets such as Tether Gold. The company originated as a startup within the Tether ecosystem and initially launched USDT0 on the Kraken-incubated INK Layer 2 network.
Since then, the project has broadened its reach to compete directly with other omnichain stablecoins introduced by firms including Paxos and LayerZero.
The rise of omnichain stablecoins reflects a growing industry trend toward infrastructure that prioritizes interoperability, security, and unified liquidity. As more networks adopt bridge-free solutions, the competition among issuers is expected to intensify, particularly across remittance and institutional payments markets.
Everdawn Labs’ milestone reinforces its position within this expanding segment. Its $50 billion transfer total demonstrates how users increasingly favor architectures that minimize bridge risk—an issue that has historically led to some of the industry’s largest security breaches.
With omnichain stablecoins offering native minting and burning on multiple networks, the design is positioned as a safer alternative to traditional bridging mechanisms.
As 2025 progresses, the rapid uptake of USDT0 suggests that omnichain stablecoins may become foundational to cross-chain financial infrastructure, especially as regulated entities evaluate scalable stablecoin solutions.
The increased transaction volumes recorded in the last month point to expanding use cases, from high-volume institutional settlement to everyday payments and remittances.
Everdawn Labs’ data indicates that market participants value stability, interoperability, and speed—features that omnichain stablecoins are built to deliver. With competitors entering the space and blockchain ecosystems becoming more interconnected, USDT0’s growth may signal the early stages of a dominant trend.
