Tether Analog USDT0 Goes Live on Bitcoin Layer 2 Rootstock

USDT0, a cross-chain version of the popular stablecoin USDT, has been launched on Rootstock, a Layer 2 network built on top of the Bitcoin network. This new launch will enable users to transfer stablecoins between blockchains easily. At the same time, it aims to enhance the utilization of digital money in Bitcoin-based decentralized finance (DeFi) applications. USDT0 Launches on Rootstock to Power Bitcoin-Based DeFi USDT0 is a version of the USDT stablecoin that can work across many blockchains. USDT is fully backed on the Ethereum network. However, it is not run by Tether itself. A company called Everdawn Labs manages USDT0. According to the team behind the project, the goal of USDT0 is to reduce the cost and difficulty of using stablecoins on different blockchains. USDT0 enables people to send and use digital dollars faster and at lower fees. This makes it easier for developers and users to utilize stablecoins across various blockchain applications without requiring manual fund transfers between networks. With USDT0 now available on Rootstock, people can use stablecoins directly in apps built on the Bitcoin blockchain. This is important because Rootstock allows developers to create applications similar to those on Ethereum. At the same time, it uses Bitcoin’s secure and reliable network for protection. The USDT0 team believes now is the right time to support the growing number of apps being built on Bitcoin. This is happening as more people show interest in using the Bitcoin network for more than just holding the digital currency. As more developers look to build on Bitcoin, having easy access to stablecoins like USDT0 will make the process smoother. USDT0 Expands Its Reach with Rootstock Integration Rootstock was created in 2018. It is designed to bring smart contract features to the Bitcoin ecosystem . It enables developers to create apps while leveraging the network’s strong security. Rootstock combines the flexible tools found in Ethereum with Bitcoin’s proven and decentralized system. Before coming to Rootstock, USDT0 was already launched on Ethereum, Arbitrum, Unichain, and the OP Superchain. Adding Rootstock to this list helps connect the Bitcoin network to the broader stablecoin ecosystem. Now, users and businesses on Rootstock can utilize one of the most widely trusted stablecoins without needing to leave the Bitcoin ecosystem. USDT’s Reach Continues to Expand Tether’s USDT is the largest and most used stablecoin in the world. The US dollar backs it, and it is mainly run on Ethereum, but versions of it exist on many blockchains. The total amount of USDT in circulation exceeds $160 billion. The launch of USDT0 on Rootstock helps bring this stablecoin into new spaces. It connects the stablecoin to Bitcoin-based finance, allowing money to move more freely across blockchain systems. This is a crucial step as digital finance continues to expand across various networks. The post Tether Analog USDT0 Goes Live on Bitcoin Layer 2 Rootstock appeared first on TheCoinrise.com .

Source: The Coin Rise