#WYSTStablecoin Tether expands USDT deployment to Superchain Optimism

AI Summary:

According to Cointelegraph, Tether has expanded its cross-chain stablecoin in US dollars, USDT0, to Superchain Optimism, increasing access to the widely used stable asset in the Ethereum layer 2 ecosystem. On March 27, Optimism announced the deployment of dollar-pegged USDT0 on the OP mainnet. Initially launched on Ink, a layer 2 from Kraken focused on DeFi, USDT0 is a bridge version of USDt (USDT) from Tether, aimed at increasing the adoption of stablecoins across multiple blockchains. Tether introduced USDT0 in January in partnership with the LayerZero interoperability protocol, and subsequently chose Arbitrum as the primary infrastructure provider.

Superchain, a layer 2 chain network designed to scale Ethereum using the OP Stack from Optimism. It currently accounts for 52% of Ethereum layer 2 transactions, according to Superchain data. Since September, Superchain's dominance in the L2 space has increased from 36.6% to 51.9% of all transactions. In February, Optimism's development director Ryan Wyatt noted that Superchain could account for 80% of Ethereum L2 transactions by the end of the year. At that time, the total value of Superchain exceeded $4 billion, and since then that figure has grown to $4.2 billion.