Tether’s USDT0 Deploys on Bitcoin Sidechain Rootstock
Main Idea
Tether's omnichain USDT0 has been deployed on Bitcoin sidechain Rootstock, enabling native access to USDT on Rootstock through Layerzero’s OFT standard, enhancing liquidity and functionality for users and applications.
Key Points
1. USDT0 is now accessible natively on Rootstock via Layerzero’s OFT standard, integrating with Rootstock’s infrastructure.
2. Rootstock combines Bitcoin’s PoW security with Ethereum Virtual Machine, featuring tools like the PowPeg bridge and RIF Services Layer.
3. Existing protocols on Rootstock include Sovryn, Tropykus, Midas, and Mynt, supporting activities such as Bitcoin-backed loans.
4. USDT0 aims to improve liquidity on decentralized exchanges (DEXs) within the Rootstock ecosystem.
5. The deployment allows USDT0 to be routed to Rootstock through a dedicated portal, offering a streamlined, omnichain version of USDT.
Description
Tether’s USDT0 stablecoin is now operational on the Rootstock Bitcoin sidechain. Rootstock Integrates Tether’s Omnichain USDT0 The integration makes the omnichain version of USDT accessible natively on Rootstock through Layerzero’s OFT standard. Rootstock combines Bitcoin’s proof-of-work (PoW) security via merged mining with Ethereum Virtual Machine compatibility. Rootstock’s infrastructure includes the PowPeg two-way Bitcoin bridge, block
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