Bishop Caroline
April 23, 2025 05:41
BITFINEX has announced the integration of USDT0 to the optimism network to improve the fluidity and transaction efficiency of the platform.
Bitfinex, a leading digital asset trading platform, began supporting USDT0 on an optimism network and expressed significant expansion of stablecoin products. According to Bitfinex, Bitfinex customers allow Bitfinex customers to deposit and withdraw USDT0 directly into the optimism blockchain.
Role in USDT0 and encryption ecosystem
USDT0 is a cross chain Starble Lecomin developed by Everdawn and Layer Zero, designed in Tether’s USDT’s Omnichain-ready bridged version. This integration follows previous previous support for USDT0 in other networks such as ink and Arbitrum.
Optimism: tier for improving performance -2 solutions
Optimism is a layer -2 scaling solution for Ether Lee, which utilizes optimistic rollup technology to improve trading throughput and reduce fees. According to recent data, optimism super chain processes about 52%of all transactions on Etherum Layer -2, with total value locks (TVL) exceeding $ 4.2 billion. This integration is expected to take advantage of the function of optimism to provide Bitfinex users with faster and more efficient transactions.
Strategic expansion and market impact
The introduction of USDT0 in the optimism network is part of Bitfinex’s extensive strategy to meet market demands for expandable and efficient digital asset transactions. Bitfinex’s listing manager, Anouse Bhasin, emphasized that USDT0 represents one of the most innovative stablecoin that matches Bitfinex’s mission to promote the daily use of digital assets. Bitfinex supports USDT0 to open a direct channel that allows users to benefit from high -performance layer -2 platforms.
Future prospect
USDT0 aims to expand USDT utility in various blockchains, developed according to the USDT0 consortium, which is often used for Layerzero. Bitfinex customers can convert the USDT balance to USDT0 and withdraw to supported blockchains to improve interoperability and fluidity.
Founded in 2012, BITFINEX continues to provide comprehensive transactions, including peer -to -peer financing, OTC market and margin transactions. The platform is doing its best to provide global traders and liquidity providers with incomparable support with innovative solutions.
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