Tether's USDT0 deployed on OP Superchain

Crosschain US-dollar stablecoin USDT0 has been deployed to Optimisms Superchain, increasing access to the worlds most widely used stable asset across Ethereums layer-2 ecosystem.On March 27, Optimism announced that the dollar-pegged USDT0 is now live on the OP mainnet. The crosschain stablecoins first deployment was on Ink, Krakens DeFi-focused layer-2.USDT0 is essentially a bridged version of Tethers USDt (USDT), designed to extend the stablecoins adoption across various blockchains.Tether launched USDT0 in January in collaboration with the interoperability protocol LayerZero. A month later, Tether selected Arbitrum as the main infrastructure provider for USDT0.Superchain is a network of layer-2 chains designed to scale Ethereum through Optimisms OP Stack. The collective currently accounts for 52% of Ethereum layer-2 transactions, according to data tracked by Superchain.Since September, Superchains L2 dominance has grown from 36.6% of all transactions to 51.9%. Source: Superchain Health DashboardIn February, Optimism Chief Growth Officer Ryan Wyatt told Cointelegraph that Superchain will likely account for 80% of Ethereum L2 transactions this year. At the time, Superchain secured more than $4 billion in total value, which has since grown to $4.2 billion.Related: Celo, Chainlink, Hyperlane launch crosschain UDT on OP SuperchainStablecoin adoption heats upSuperchain said deploying USDT0 is expected to attract more top-tier assets, applications and partners to the collective, which highlights the role stablecoins play in fueling DeFi adoption.The total value of all stablecoins in circulation has reached nearly $228 billion, having increased 3.3% over the past 30 days. According to RWA.xyz, there are more than 155 million stablecoin holders worldwide.Ethereum accounts for 58% of the total stablecoin supply.In terms of market cap, Ethereum is by far the largest network for stablecoins. Tethers USDt is the most widely used stable asset. Source:RWA.xyzTether has long had a first-mover advantage in the stablecoin market. The company has emerged as one of the worlds largest holders of US Treasury assets, which has helped fuel its record-breaking profits in recent years.With US President Donald Trump in the White House, dollar-pegged stablecoins have become a major policy driver in the United States.The head of Trumps council on digital assets, Bo Hines, recently told a conference in New York that comprehensive stablecoin regulations could arrive on the presidents desk within two months.Related: Tethers US Treasury holdings surpass Canada, Taiwan, ranks 7thglobally