The omni-chain token USDT0, backed 1:1 by the stablecoin USDT, is particularly 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 between $100,000 and $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 everyday people, not just institutions.
USDT0 was launched in early 2025 with support from LayerZero and Tether. The protocol operates across 23 blockchains, including the Tempo network from Stripe. The total trading volume to date has reached $86.7 billion, making it the third-largest protocol by USDT held, following exchanges Binance and OKX.
Use Cases
Market participants primarily utilize this asset in the DeFi sector. In April, trading volume for derivatives involving USDT0 hit $80 million. This token is also used for transferring capital between networks.
Data from cross-chain gateways confirms retail dominance: the median transfer amount is $902, while the average is around $90,000. Transactions over $1 million account for only 1.8% of the total number but make up 68.8% of the total volume.
USDT0 has changed hands nearly 22 times with a supply volume of $4 billion. 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 seek 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 costs through partnerships with blockchains.
Recall that on April 30, Tether's investment division proposed merging three companies to create a leading public organization in the Bitcoin industry.