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What is USD₮0 (USDT0)?

USD₮0 is a cross-chain solution built to make moving USDT (Tether) between different blockchains easier and more efficient. It consolidates liquidity, making asset transfers simpler, reducing operational complexity, and improving performance on various chains. USDT0 works by locking USDT in a smart contract on Ethereum and creating an equivalent amount of USDT0 on the destination chain (1:1 backing). This eliminates the need for separate infrastructure like multiple contracts and bridges for each chain, boosting efficiency and scalability. It utilizes LayerZero's Omnichain Fungible Token (OFT) standard for secure cross-chain transfers.

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