Summary
- Tether announced the first deployment of USDT0 using Kraken's Layer 2 network Ink.
- Tether's USDT0 aims to facilitate the transfer of USDT across various cryptocurrency ecosystems.
- This announcement is expected to strengthen Tether's strategic positioning in the cross-chain stablecoin market.
According to the cryptocurrency-focused media The Block on the 16th (local time), Tether (USDT) is using Kraken's proprietary Layer 2 network, Ink, for the first deployment of the cross-chain stablecoin USDT0. The goal of USDT0 is to facilitate easier transfers of USDT across various cryptocurrency ecosystems.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
