Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced support for USDT0 deposits and withdrawals on Mantle Network, making it one of the first global exchanges to enable seamless cross-chain USDT0 flows. This integration positions Mantle as the largest exchange-related Layer 2 network by total value locked (TVL) and advances unified stablecoin liquidity infrastructure.
USDT0 is the omnichain deployment of Tether's USDT, the largest stablecoin, serving as a unified liquidity layer across multiple networks. Built on LayerZero's Omnichain Fungible Token (OFT) standard, it uses a mint-and-burn architecture that maintains a strict 1:1 backing and eliminates fragmented bridges. With this launch, Bybit users can soon deposit USDT0 from Mantle directly into Bybit, withdraw USDT0 from Bybit to Mantle, and enjoy zero-fee withdrawals to Mantle for a limited time.
Emily Bao, Key Advisor at Mantle, stated, "Supporting USDT0 early, together with Tether and Bybit, is a strategic step for Mantle. It strengthens Mantle's role as a core venue for cross-chain stablecoin liquidity and the onchain capital markets that depend on it." Lorenzo R., Co-Founder at USDT0, added, "Mantle's high-performance infrastructure makes it an ideal network for this vision, delivering a more seamless, interoperable stablecoin standard."
The collaboration aims to improve user experience by enabling fast, low-cost USDT0 transfers on Mantle, direct access to Bybit markets, and streamlined capital deployment into Mantle-native applications. This reflects a broader industry shift toward cross-chain stablecoin standards, next-generation L2 infrastructure, and integration between issuers, exchanges, and high-performance networks.
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