Tether has selected Arbitrum as the infrastructure provider for USDT0, a crosschain stablecoin. This collaboration intends to improve USDT’s interoperability and scalability across networks like Ethereum, Tron, and Celo.

With a market capitalization of over 141 billion USD, Tether remains the leading stablecoin, significantly ahead of its closest competitor, USD Coin, which is valued at 59 billion USD.