Bitfinex will begin supporting USDT0 on optimism

April 23rd Bitfinex will begin supporting USDT0 on optimism

Road Town, Tortola, British Virgin Islands – 23rd April 2025 – Bitfinex (https://www.bitfinex.com), a premier digital asset trading platform, has announced that USDT0 deposits and withdrawals on the Optimism Network will be available directly on Bitfinex.

USDT0, a Crosschain Stablecoin designed by Everdawn and Layer Zero, is an Omnichain-enabled bridge version of Tether’s USDT. This integration will make optimism the latest blockchain supported by Bitfinex, allowing its customers to deposit USDT0 into this network and withdraw it, following a similar integration between Ink and Arbitrum.

Optimism is Ethereum’s Layer 2 Scaling Solution that leverages optimistic roll-up technology to enhance transaction throughput and reduce fees. Recent SuperChain data shows that OP SuperChain currently handles around 52% of all transactions in Ethereum’s Layer 2 (L2) compared to 36.6% in September, but its total value over the network (TVL) is over $4.2 billion.

Developed by Everdawn and Layer Zero, USDT0 is managed by the USDT0 Consortium, an ecosystem initiative launched by the consortium using Layerzero’s OFT standard, and is designed to expand the 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.

Designed for seamless interoperability on the Optimism Network, Bitfinex’s USDT0 support on the Optimism Network is the latest addition to the Stablecoin rollout. This integration demonstrates Bitfinex’s response to current market demand by increasing Stablecoin’s liquidity and trading efficiency on high-performance L2 platforms.

“USDT0 is one of the most innovative stubcoins on the market and is consistent with its mission to bring digital assets closer to everyday use,” he said. Anoush Bhasin, Bitfinex listing manager. “USDT0’s support for optimism opens up a direct channel to help customers enjoy fast, cost-effective transactions in a scalable ecosystem.”

For more information, customers can visit https://www.bitfinex.com/.

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

*All users of www.bitfinex.com are subject to Bitfinex Terms of Service (“TOS”). Please note that among other prohibited persons (as defined in TOS), US people (as defined in TOS) are strictly prohibited from directly or indirectly retaining, owning or operating an account on www.bitfinex.com (as defined in TOS).

About Bitfinex

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

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