Blockchain infrastructure protocols Celo, Chainlink, and Hyperlane, along with Velodrome, have launched Super USDT, a crosschain version of Tether’s USDt, on the OP Superchain. This initiative aims to enhance interoperability and liquidity of USDt, which is the largest stablecoin by market capitalization. Super USDT is fully backed by USDT reserves locked on Celo, leveraging technologies from Chainlink and Hyperlane to allow seamless access to USDT across the Superchain. Celo co-founder Rene Reinsberg noted that traditional bridged USDT fragments its liquidity, conflicting with Optimism’s goals of creating a unified, interoperable system. The introduction of Super USDT addresses these fragmentation issues and paves the way for broader adoption. With its capability to bring USDT to any Optimism chain, Super USDT has become accessible on various platforms such as Fractal, Lisk, and Metal. As the stablecoin market expands, Tether’s USDt accounts for over 61% of the $231 billion stablecoin market, and interoperability could further enhance its adoption and scalability across different networks.

Source 🔗