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OKX to Support USDT0 Deposits and Withdrawals Across Multiple Networks

OKX to Support USDT0 Deposits and Withdrawals Across Multiple Networks

OKX and Tether have officially integrated USDT0 into X Layer, OKX Wallet, and Exchange, enhancing liquidity and enabling seamless cross-chain stablecoin transfers within DeFi ecosystems.

ETH
USDT
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Fact Check
The evidence strongly confirms the statement, assuming 'USDT0' is a typo for 'USDT'. Multiple official OKX sources (1, 4, 5, 8) and secondary sources (2, 9) verify that OKX supports USDT deposits and withdrawals on numerous networks, including ERC20, TRC20, BNB Smart Chain, and Aptos. Source 4 explicitly states that OKX supports 9 networks for USDT.
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Summary

OKX and Tether have announced the integration of USDT0 into OKX’s Ethereum Layer-2 network, X Layer, along with its wallet and exchange platforms. The integration allows users to deposit and withdraw USDT0 seamlessly, providing access to unified liquidity across multiple DeFi networks. Powered by LayerZero’s Omnichain Fungible Token (OFT) standard, USDT0 eliminates bridging complexities and ensures faster settlements. Since its launch, USDT0 has surpassed $11.3 billion in bridge volume, making it the most active OFT in LayerZero's ecosystem.

Terms & Concepts
  • USDT0: A bridged variant of Tether’s USDT stablecoin, built on LayerZero’s Omnichain Fungible Token standard, maintaining 1:1 backing with canonical USDT.
  • Omnichain Fungible Token (OFT): A token standard developed by LayerZero that allows assets to move seamlessly across multiple blockchains while maintaining unified liquidity.
  • X Layer: OKX’s Ethereum Layer-2 network designed to improve scalability, reduce transaction costs, and support cross-chain stablecoin and DeFi applications.