4 months ago
Tether announced connected Feb. 11 the Legacy Mesh, a strategy designed to link USDT0 and existing USDT deployments crossed aggregate blockchain networks.
The integration spans TRON, Ton, Ethereum, Arbitrum, Ink, and Berachain, creating a unified model for stablecoin interoperability.
The Legacy Mesh provides connectivity for chains wherever USDT is already established, enabling the seamless question of liquidity. Arbitrum serves arsenic the hub chain, linking USDT and USDT0 networks.
Tether and LayerZero announced USDT0 connected Jan. 16, a multichain mentation of USDT powered by the Omnichain Fungible Token (OFT) standard. OFT enables cross-chain liquidity without intermediary bridges oregon wrapped assets utilizing a decentralized web of oracles and relayers.
Multichain with nary bridges
Existing cross-chain USDT solutions presently trust connected third-party bridges, starring to liquidity fragmentation and analyzable token management.
According to the announcement, Arbitrum enables autochthonal USDT0 interoperability, allowing users to entree liquidity pools efficiently. The Legacy Mesh besides enhances the extent of the DeFi protocol, positioning Arbitrum arsenic a liquidity hub for stablecoin transfers.
Paolo Ardoino, CEO of Tether, stated:
“The Legacy Mesh is bringing 138 cardinal USDT together, making it a important advancement toward a unified on-chain dollar system. It simplifies liquidity question from chains similar Tron and Ethereum into ecosystems similar TON and the USDT0 networks successful a afloat permissionless and self-sufficient way.”
The Legacy Mesh uses Ethereum, TRON, and TON liquidity pools, facilitating cost-effective and unafraid transfers via LayerZero messaging. It connects USDT deployments to the largest USDT0 deployment connected Arbitrum, bringing unneurotic 98% of each USDT wrong a unified system.
Transfers wrong the Legacy Mesh and to Arbitrum are live. Multihop transfers from Legacy Mesh chains to USDT0 networks extracurricular Arbitrum, including Ink and Berachain, are planned.
As liquidity moves rapidly done aggregate decentralized ecosystems, USDT indispensable person a seamless multichain alternate to stay the stablecoin marketplace leader.
The station Tether introduces bridge-free multichain liquidity for bequest USDT networks appeared archetypal connected CryptoSlate.
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