Bitcoin $99,128.5 price The decline at $99,500 and during the US market opening ended at the time of writing. Tether, the largest stablecoin by market cap, recently announced the massive USDT0. Hours ago it had announced its decision to move its headquarters to El Salvador, and now they are announcing a new big move.
What is USDT0?
According to the announcement made by the minutes Tether aims to strengthen its dominance in different networks. A token called USDT0 will be distributed, and for this, firstly, Kraken’s newly launched Ethereum 
$3,333.4 layer2 solution Ink network is used.
USDT0with the goal of being a cross-network unified liquidity layer that will increase the power of USDT across the crypto ecosystem. LayerZero’s Omnichain leverages the Fungible Token standard because it is a standard designed specifically for minting and burning tokens across different blockchains.
Tether News
cryptocurrency Tether, which caused huge declines in the markets, solved the problems that caused FUD for years. Its reserves are now filled with the world’s most easily convertible bonds, and the days when falling stocks with headlines about Evergrande going bankrupt would shake a stablecoin are gone.
The most liquid and most used stablecoin USDT It will accelerate its growth thanks to the new token. This liquidity will be allowed to be easily opened to different networks. We must say that the last move is important for Layer 2 Ink because it has not been a month since the operation started.
Andrew Koller from Kraken said the following about the latest development;
“Paulo and I got really creative about how we could bring Tether to Ink. We have a fantastic reputation for security. We post security guards everywhere. “So if we’re testing the sequencer or the stress test, they’re doing that with us.”
The crypto ecosystem, which continues to work for the multi-chain world, wants to enable users to move easily in different networks, just like surfing the internet, with such moves. Improving the user experience is very important for the growth of the user base. Such major infrastructural steps are very supportive in order for this to reach a perfect level.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
