USDT0 USDT0

130 · Hyperliquid Ecosystem

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USDT0 is an omnichain stablecoin issued by Everdawn Labs that maintains 1:1 backing with Tether's USDT. It is used to transfer value across multiple blockchains without relying on traditional bridges or wrapped tokens. The network utilizes a lock-and-mint mechanism where USDT is locked in a smart contract on Ethereum while an equivalent amount of USDT0 is minted on the destination chain, enabling native representations across connected chains through standardized messaging and mint-burn logic via LayerZero's OFT standard.