On February 11, Tether announced The Legacy Mesh, a system designed to connect USDT0 and existing USDT deployments to multiple blockchain networks.
The integration spans Tron, Ton, Ethereum, Arbitrum, Ink, and Berachain to create a unified framework for Stablecoin interoperability.
Legacy mesh provides connectivity to the chain where USDT is already established, allowing for seamless movement of fluidity. Arbitrum acts as a Hub chain and links the USDT and USDT0 network.
Tether and Layerzero announced USDT0 on January 16th. This is a multi-chine version of USDT with the Omnichain Fungible Token (OFT) standard. Use a distributed network of ORACLE and relayers to enable cross-chain fluidity without using intermediate bridges or wrap assets.
Multi-Chine without a bridge
Existing cross-chain USDT solutions currently rely on third-party bridges, leading to fluidity fragmentation and complex token management.
According to the announcement, Arbitrum will enable interoperability for native USDT0, allowing users to access the liquidity pool efficiently. Legacy mesh also enhances the depth of the defi protocol, placing any as a fluidity hub for stable transfers.
“We're looking forward to seeing you in the future,” said Paolo Ardoino, CEO of Tether.
“Legacy Mesh has put together 138 billion USDT, making it a significant advance towards a unified on-chain dollar system. From chains such as Tron and Ethereum to ecosystems such as Ton and USDT0 networks. Simplify movement in a completely permitted, self-sufficiency way.”
Legacy Mesh uses liquidity pools of Ethereum, Tron and Tons to promote cost-effective and secure transfers via Layerzero messaging. We've connected our USDT deployment to the largest USDT0 deployment in Arbitrum, bringing together 98% of USDT within a unified system.
Transfers within the legacy mesh and to arbitrum are live. Multihop transfers from the Legacy Mesh chain to non-Arbitrum USDT0 networks, including Ink and Berachain, are planned.
As liquidity moves rapidly through multiple decentralized ecosystems, USDT needs a seamless multichine alternative to remain a Stablecoin market leader.
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