Everdawn Labs just hit a huge milestone. Their tether-pegged omnichain stablecoin, USDT0, has now moved more than $50 billion across 15 different blockchains. What’s even more impressive is that more than 20% of that activity happened in just the last month.
USDT0 launched in January 2025 using LayerZero’s Omnichain Fungible Token standard. The idea behind it is simple: give people access to a Tether-backed stablecoin on chains where regular USDT doesn’t exist. Whenever someone moves USDT0 to a new chain, the token is minted there and fully backed 1:1 with real Tether, according to Everdawn Labs.
Since launch, USDT0 has already handled more than 415,000 transactions. It works on major networks like Ethereum and Arbitrum, newer chains like Ink and Sei, and even Bitcoin-based layers like Corn and Rootstock. It’s also supported on payments-focused networks such as Conflux and Plasma, and alternative ecosystems like HyperLiquid and Solana.
Everdawn Labs says USDT0 is more than just another stablecoin. They call it part of their “monetary mesh,” a system meant to make moving money easier across the entire crypto world. It’s built to support everyday payments, cross-border transfers, and even settlement for institutions.
USDT0 is also a key piece of Everdawn Labs’ larger omnichain plan, which includes things like omnichain Tether Gold. The project originally started inside the Tether ecosystem and was first released on the Kraken-backed INK Layer 2 network.
This rise in USDT0 comes at a time when other companies—like Paxos and LayerZero—are also launching their own omnichain stablecoins. The race to build better cross-chain money is clearly heating up.
