BlockBeats News, September 25th, according to analyst Emmett Gallic, Plasma has transferred over 1 billion USDT to USDT0 in preparation for the mainnet launch. This will provide Plasma with immediate significant USDT liquidity.
USDT0 is a cross-chain stablecoin introduced by Tether, aimed at extending USDT to new blockchains, providing a seamless user and developer experience, and always maintaining a 1:1 peg to the USDT on Ethereum. USDT0 is built using the LayerZero OFT standard for asset deployment and transfer on the new chain.
