CandleFocus USDT to Overcome Its Biggest Problem With Chainlink, Hyperlane, and Velodrome
2025-03-05
Author: Content Editor
OpenUSDT, an interoperable version of the world's largest stablecoin USDT, has been developed to address liquidity fragmentation and scalability challenges across multiple blockchains. It is built on the OP Superchain ecosystem in partnership with Chainlink, Hyperlane, and Velodrome. OpenUSDT makes USDT natively interoperable across Superchain networks, allowing for seamless cross-chain transfers. It eliminates third-party bridge fees and offers enhanced security. Currently available on Celo, OpenUSDT aims to expand to more Superchain networks over time. Velodrome is the chosen primary trading venue for OpenUSDT liquidity pools. The project is seen as a step towards Ethereum becoming the leading global payment and DeFi settlement layer. OpenUSDT can rapidly expand to new blockchains and is designed to be future-proof. This development could potentially solve the challenge of creating a unified version of USDT that works across multiple chains without fragmentation.
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