The omnichain token USDT0, backed by the stablecoin USDT at a 1:1 ratio, is primarily popular among retail users. According to a report by Everdawn Labs for The Block, 99.2% of users hold less than $1,000 in their wallets.
Balances ranging from $100,000 to $1 million are held by 1,200 users, while only 35 addresses hold over $10 million. Developers believe this audience structure indicates genuine demand from ordinary people, not just institutions.
USDT0 was launched at the beginning of 2025 with the support of LayerZero and Tether. The protocol operates across 23 blockchains, including the Tempo network by Stripe. The total trading volume to date has reached $86.7 billion. In terms of USDT held, the protocol ranks third after the Binance and OKX exchanges.
Use Cases
Users primarily employ the token in the DeFi sector. In April, the trading volume of derivatives using USDT0 reached $80 million. The token is also used for moving capital between networks.
Data from the cross-chain gateway confirms retail dominance: the median transfer amount is $902, while the average is about $90,000. Transactions exceeding $1 million account for only 1.8% of the total number, yet they constitute 68.8% of the overall volume.
USDT0 has changed hands nearly 22 times with a supply volume of $4 billion. Project co-founder Lorenzo Romagnoli stated that in 2026, the team will focus on integrating with new ecosystems and simplifying gateways for deposits and withdrawals.
The project does not claim revenue from Tether’s reserves. According to Romagnoli, the main goal of USDT0 is to unify liquidity and eliminate market barriers. The team covers operational expenses through partnerships with blockchains.
Back in April, Tether’s investment division proposed merging three companies to create a leading public entity in the Bitcoin industry.