USDT0, a cross-chain version of the popular stablecoin USDT, has launched on Rootstock, built on top of the Bitcoin network. This launch is intended to facilitate the transfer of stablecoins across blockchains.
What is USDT0 and Its Goals
USDT0 is a version of the USDT stablecoin that can operate across various blockchains. Developed by Everdawn Labs, USDT0 aims to reduce the cost and complexity of using stablecoins on different platforms. This will allow users to send digital dollars faster and at lower fees.
USDT0 Integration with Rootstock
Rootstock, created in 2018, adds smart contract functionality to the Bitcoin ecosystem. With the arrival of USDT0 on Rootstock, users can utilize stablecoins in applications built on the Bitcoin blockchain, providing greater flexibility and accessibility.
Expanding USDT's Reach
USDT is regarded as the largest stablecoin in the world, backed by the US dollar. The launch of USDT0 on Rootstock opens this coin to new environments, facilitating interaction with various systems in digital finance.
The launch of USDT0 on Rootstock is a significant step toward integrating stablecoins with Bitcoin, enabling freer movement of funds across diverse blockchain systems.
