OpenUSDT

Built on the Superchain ecosystem, OpenUSDT is a future-proof interoperable USDT stablecoin enabling shared liquidity and interchain applications. This innovative solution solves a critical issue where chains are required to either deploy their own version of bridged USDT, resulting in liquidity fragmentation and limited interoperability, or must pay a third party for the privilege of deploying a bridged token contract.

OpenUSDT is backed 1:1 with native USDT locked on Ethereum and Celo, leveraging Chainlink CCIP and Hyperlane for cross-chain transferability. This creates open and unified liquidity for the world's largest stablecoin, valued at over $141B in market capitalization. Users can easily swap OpenUSDT or use the OpenUSDT dApp to mint new OpenUSDT, providing a seamless experience across different ecosystems.

As the primary trading and liquidity hub of the Superchain, Velodrome is excited to support the launch of OpenUSDT, recognizing its potential to accelerate the accessibility and adoption of Tether's USDT stablecoin within the Superchain ecosystem. With sub-cent transaction fees, stablecoin gas payments, and seamless on- and off-ramps, OpenUSDT is poised to become a backbone for DeFi applications across various chains.

The OpenUSDT ecosystem currently supports multiple chains, including Base, Bitlayer, BOB, Botanix, Celo, Ethereum, Fraxtal, Hashkey, Ink, Linea, Lisk, Mantle, Metal, Metis, Mode, Optimism, Ronin, Soneium, Sonic, Superseed, Swellchain, Unichain, and World Chain. Additional networks can easily follow in the future, thanks to OpenUSDT's out-of-the-box Hyperlane deployments and CCIP.

OpenUSDT has received support from leading blockchain infrastructure providers and protocols, including Chainlink, Hyperlane, and Velodrome. This collaboration brings a new interoperable USDT token that is backed 1:1 with native USDT, providing stability, verifiability, and seamless liquidity without fragmentation.