▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

USDT0 Integrated on Sei, Unlocking Unified Stablecoin Liquidity

Sei Foundation, the independent organization dedicated to the governance of the Sei protocol, today announces the integration of USDT0, the unified liquidity network for USDT, on Sei, a Layer 1 blockc...

Business Wire

NEW YORK: Sei Foundation, the independent organization dedicated to the governance of the Sei protocol, today announces the integration of USDT0, the unified liquidity network for USDT, on Sei, a Layer 1 blockchain that combines the benefits of Ethereum with the speed of Solana. This native deployment brings deep, unified stablecoin liquidity to Sei's growing ecosystem. The integration enables users and developers of the Sei Network to access stable, capital-efficient liquidity for trading, lending, payments, and cross-chain transactions.

"The integration of USDT0 on Sei represents a significant milestone in providing high-performance blockchain infrastructure for DeFi and beyond," said Julian Tan, Director at the Sei Foundation. “With the deployment of USDT0, Sei-based applications now have access to deep, reliable liquidity that matches the network’s industry-leading speed and throughput."

USDT0, built on LayerZero's Omnichain Fungible Token (OFT) standard, is built to maintain a 1:1 backing with USD₮ while enabling the seamless movement of stablecoins across ecosystems. This integration delivers several key advantages:

  • Enhanced Trading Efficiency: DEXs and trading platforms on Sei can now access deep, composable USD₮ liquidity, reducing slippage and improving capital efficiency.
  • Seamless Cross-Chain Transfers: USDT0 allows stablecoin liquidity to move frictionlessly between Sei, Ethereum, and other major chains without relying on third-party bridges.
  • Cost-Effective Transactions: Users benefit from low-cost stablecoin transfers and DeFi interactions when using USDT0 on Sei.

USDT0 provides the essential liquidity infrastructure needed to scale DeFi on Sei at unprecedented speeds. This integration enables new real-world use cases across payments and DeFi while maintaining composability across blockchain ecosystems - perfectly complementing Sei's high-performance infrastructure.

About Sei

Sei is a Layer 1 blockchain that combines the dominant development standard of Ethereum with the high performance of Solana. The V2 update makes Sei the first parallelized EVM, offering a new scaling solution for the Ethereum ecosystem while achieving even faster speeds than Solana. Sei launched its mainnet in 2022 and now has a growing ecosystem with teams from Ethereum, Solana, Polygon, Arbitrum, and others deploying. Supported by major backers including Multicoin, Jump, and Coinbase Ventures, Sei is positioned as a leading blockchain for scalable applications in gaming, DeFi, and social platforms.

To learn more about Sei, please visit https://www.sei.io/.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Red Hat Optimizes Red Hat AI to Speed Enterprise AI Deployments Across…

Red Hat, the world's leading provider of open source solutions, today continues to deliver customer choice in enterprise AI with the introduction of Red…

IMVARIA Reports Multi-Site Clinical Experience With FDA-Authorized AI…

#ATS--IMVARIA Inc., a health tech company pioneering AI-driven digital biomarker solutions, today reported results from multi-site clinical experiences…

Grant Thornton launches new tool, pairing skilled professionals with powerful…

Grant Thornton, one of America’s largest providers of end-to-end audit, assurance, tax and advisory services, announced today the launch of a new, proprietary…

Generational Group Advises Elarasys Worldwide, LLC and IT Hardware Plus,…

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Elarasys Worldwide,…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!