USDT0, the unified liquidity network for Tether's USDT stablecoin, has marked its one-year anniversary by surpassing $63 billion in total value moved across 18 blockchain ecosystems. In the past 24 hours alone, bridge volume exceeded $431 million, making it the most active omnichain token on the LayerZero protocol. The network, launched in January 2025, has scaled faster than any previous cross-chain liquidity network, connecting major chains including Arbitrum, Ethereum, Polygon, Optimism, and Sei.
Lorenzo R., Co-Founder of USDT0, attributed the milestone to ecosystem collaboration: "This milestone is really a reflection of the ecosystems and partners that chose to build with us." Paolo Ardoino, CEO of Tether, emphasized the infrastructure's role: "By reducing friction and unifying liquidity across chains, USDT0 helps extend USDT's role as a consistent settlement layer across diverse ecosystems."
The project's Legacy Mesh connects directly to native USDT deployments, enabling cross-chain movement without wrappers. Beyond US dollars, USDT0 has expanded its model to include XAUT0 for tokenized gold and CNHT0 for offshore yuan settlement. Conflux CEO Fan Long noted the significance: "CNH settles trillions in goods and services, making it a critical pillar for the next phase of mass blockchain adoption."
In a separate but significant liquidity event, the USDC Treasury transferred 300 million USDC (approximately $300 million) to cryptocurrency exchange Coinbase on April 10, 2025. The transaction, tracked by Whale Alert, originated from the primary treasury wallet managed by Circle, the issuer of USDC. Such large treasury-to-exchange flows are often analyzed as signals of impending trading activity or institutional positioning.
Market analysts note that while these inflows increase available "buying power" on an exchange, they do not guarantee immediate market purchases. The transfer occurred during a period of relative market stability following regulatory clarity measures in early 2025. Circle maintains that USDC remains fully backed by cash and short-duration U.S. Treasury bonds, and the peg held steady throughout the transaction.
Together, these developments underscore the growing scale and sophistication of stablecoin infrastructure and liquidity management in the cryptocurrency ecosystem.
