Bitfinex now supports USDT0 with Ink and Arbitrum One

06 March Bitfinex now supports USDT0 with Ink and Arbitrum One

Road Town, Tortola, British Virgin Islands – March 6, 2025 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced USDT0 support for deposits and withdrawals. USDT0 is an ecosystem initiative launched by the consortium using Layerzero’s OFT standard, and is an Omnichain-enabled bridge version of Tether’s USDT, managed by the USDT0 consortium designed to expand USDT utility across the blockchain. Bitfinex customers will convert USDT balance directly to USDT0 on the platform and pull it out onto a supported blockchain.

This integration starts with Layer 2 Network Ink and Arbitrum One, allowing fast and cost-effective transactions, allowing customers to seamlessly deposit USDT0 into a Bitfinex wallet or withdraw it to an external private wallet. By supporting USDT0, Bitfinex allows customers to move value across the supported chain, simplifying the bridging process. Bitfinex will now be able to convert USDT0 with a 1:1 ratio to USDT, allowing customers to easily convert between the two. Ink and Arbitrum One are the first networks in this rollout.

“We look forward to supporting USDT0 on our platform, as it aligns with our mission to make it easy for our customers to access digital assets across our diverse ecosystem,” he said. Paolo Ardoino, CTO of Bitfinex. “With USDT0, customers will have the flexibility to leverage USDT stability on a variety of blockchains that do not currently offer native USDT. This is a key step towards an improved interoperability, increased liquidity and a more comprehensive digital asset landscape.”

USDT0 deposits and withdrawals were opened at UTC on March 6, 2025 at 11am.

To access USDT0 via bitfinex, go to https://www.bitfinex.com/

Please note that USDT0 is not directly issued or redemptionable by tether.

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Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services for traders and global liquidity providers. Bitfinex offers access to peer-to-peer financing, the OTC market and a wide range of digital token margin trading. Bitfinex’s strategy focuses on supporting experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

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