Tether is launching a new cross-chain stablecoin, USDT0, in collaboration with Kraken. The token will largely focus on interoperability.

The company is first launching USDT0 on Kraken’s Layer-2 network Ink. Subsequently, it will expand to Berachain and MegaETH, with future expansion targets.

USDT0: A New Solution from Tether

Tether, one of the world’s largest stablecoin issuers, has had an eventful few weeks. The new MiCA legislation severely curtailed its EU operations, but the firm prepared enough to avoid lasting damage.

Earlier this week, Tether announced a complete relocation to El Salvador, and now it is launching a new USDT0 stablecoin.

“USDT0 introduces a much needed solution for seamless USDT movement across ecosystems. By improving interoperability and reducing friction, it enhances the user experience in ways that align with the broader vision of Tether. It’s exciting to see this innovation emerge and tackle real market demand,” said Paolo Ardoino, CEO of Tether.

Tether claimed that USDT0 will first launch on Ink, an L2 powered by Kraken. This is a natural choice of partners, as the exchange cooperated with Tether on multiple occasions related to the MiCA rollout.

According to Tether, USDT0 will be a cross-chain token that can “establish a seaml

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Author: Landon Manning