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Tether taps Kraken’s Ink Layer 2 for the first deployment of its cross-chain USDT0 stablecoin

Tether has announced the deployment of its USDT0 token on Kraken’s Ink Layer 2, designed to create a cross-chain unified liquidity layer for easier USDT transfers.

Kraken is focusing on growth and innovation, having executed layoffs while accelerating the launch of its Ink Layer 2. This layer integrates key advancements, improving transaction efficiency.

The new USDT0 token will streamline the process of transferring USDT across various blockchain ecosystems, bolstering user engagement and bringing added liquidity to platforms like Velodrome.

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