Plasma has transferred over 100 million USDT to USDT0 in anticipation of its mainnet launch, according to ChainCatcher. This strategic move aims to ensure immediate USDT liquidity on the Plasma network. USDT0, a cross-chain stablecoin developed by Tether, utilizes LayerZero's OFT standard to facilitate seamless asset deployment and transfers across new blockchains, maintaining a 1:1 peg with Ethereum-based USDT.
Plasma Transfers 100M USDT to USDT0 Ahead of Mainnet Launch
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