Key Highlights
USDT0 crossed $100 billion in cumulative transaction volume on Wednesday, reaching the milestone in under 530 days since its January 2025 launch.
About $4.1 billion USDT0 is in circulation across 23 chains, making it the third-largest holder of USDT globally after Binance and OKX.
99.2% of USDT0 wallets hold less than $1,000, while the average transaction size across the token's lifetime exceeds $110,000, reflecting heavy institutional and settlement use.
USDT0, the omnichain version of Tether's USDT built on LayerZero's Omnichain Fungible Token standard, crossed $100 billion in cumulative transaction volume on Wednesday, according to the project's blockchain analytics portal.
The token reached the milestone in under 530 days from its January 2025 launch. Co-founder Lorenzo Romagnoli described it as the fastest any stablecoin has grown to that volume level. USDT0 is backed 1:1 by USDT and is currently live via native integrations on 23 blockchain networks, with its largest deployments on Arbitrum, Polygon, and the Tether-backed Plasma blockchain.
About $4.1 billion USDT0 is in circulation, making it the third-largest holder of Tether overall behind Binance and OKX. Despite the scale, the token remains retail-dominated by wallet count: as of April, 99.2% of all wallets held less than $1,000 worth of USDT0, while the average transaction size across its lifetime exceeds $110,000, pointing to significant institutional usage patterns.
Everdawn Labs, the startup behind USDT0, operates without outside venture funding and says it has been profitable since its first quarter of operations. The company has also released an omnichain version of Tether's gold-pegged stablecoin, XAUt0. Tether CEO Paolo Ardoino noted that institutions and autonomous agents increasingly need a dollar that behaves consistently across every network, settling in seconds at any hour.
