Tether Partners with Arbitrum to Streamline Cross-Chain USDT Transfers – CryptoNinjas
The post Tether Partners with Arbitrum to Streamline Cross-Chain USDT Transfers – CryptoNinjas appeared on BitcoinEthereumNews.com.
Key Takeaways: Tether partners with Arbitrum to introduce USDT0, a cross-chain framework allowing instant USDT transfers across major blockchains. Arbitrum’s Legacy Mesh technology eliminates the need for centralized exchanges or bridges, reducing transfer costs and delays. This upgrade strengthens USDT’s role in DeFi, remittances, and global payments by improving liquidity and accessibility. Tether is expanding USDT’s cross-chain capabilities by integrating Arbitrum, introducing USDT0 to simplify stablecoin transfers. This partnership will allow seamless USDT movement across Ethereum, Tron, TON, and Celo, reducing costs and improving liquidity in DeFi and global payments. Tether’s Cross-Chain Ambitions: Why Arbitrum? Tether, the issuer of USDT, the largest stablecoin in the world that has a market cap of more than $141bln, has declared Arbitrum as the constructor of the infrastructure that will enable USDT0 the cross-chain US dollar stablecoin, the move of the Tether. This resolution is not a casual affair, indeed, it demonstrates a very well-planned strategy for the seamless supply of stablecoins that will be done through various blockchain networks. Picture the details on the current landscape of blockchain. USDT is currently frequenting chain networks like Ethereum, Tron, TON, and Celo with it. The transfer of USDTs from one platform to another can cause some problems, which may involve various intermediates often requiring the use of platforms like centralized exchanges or complex bridging solutions. Tether discovers that the subdivided world is slowing down the adoption of stablecoins amongst many people and they are having several challenges especially in using them in cross-border payments and decentralized finance (DeFi). It was in December 2024 that Chainalysis published a report stating, “cross-border payments and remittances are among the most transformative use cases for stablecoins,” with the cheapest stablecoins being used as an alternative to those of traditional remittances. That’s how Arbitrum fits in. Arbitrum’s Legacy Mesh: The…
Filed under: News - @ February 11, 2025 9:26 pm