A stablecoin you might not have heard of just crossed a milestone that took most crypto projects years to reach. USDT0, the omnichain version of Tether’s USDT, has surpassed $100 billion in cumulative cross-chain transfer volume as of June 25, 2026, accomplishing the feat in roughly 525 days since its January 2025 launch.

To put that pace in perspective, USDT0 had already processed over $63 billion in volume with more than 487,000 transactions by January 2026, just one year after going live. The second half of that journey, from $63B to $100B, took roughly five months.

How USDT0 actually works

Developed in partnership with LayerZero Labs, it uses something called the Omnichain Fungible Token (OFT) standard to enable lock-and-mint transfers across more than 20 blockchains. When you move USDT0 from Ethereum to, say, Arbitrum or Solana, the original USDT gets locked on Ethereum and a fresh USDT0 token gets minted on the destination chain.

Every USDT0 token is backed 1:1 by USDT locked on Ethereum. The circulating supply currently sits at approximately 4.1 billion tokens, with a market capitalization close to $4 billion.

The list of supported networks includes Ethereum, Solana, Arbitrum, Polygon, and more. A notable integration with Hedera landed in March 2026, expanding USDT0’s reach into enterprise-grade blockchain territory.

The third-largest USDT holder on the planet

As of April 2026, USDT0 became the third-largest holder of USDT, sitting behind only Binance and OKX.

Large transfers exceeding $1 million account for the majority of USDT0’s transaction volume. Daily volumes have frequently reached hundreds of millions of dollars, driven by demand across DeFi platforms, payment systems, and institutional use cases.

The project was co-created by Lorenzo Romagnoli and issued in association with Everdawn Labs, operating under Tether’s broader interoperability strategy.