Cross-Chain USDT for Unified Liquidity
OpenUSDT supercharges DeFi with seamless, cross-chain USDT liquidity.
Built in collaboration between:
Velodrome
Chainlink
Hyperlane
Superchain
USDT
Unleash the Liquidity of USDT
OpenUSDT accelerates adoption of Tether’s USDT in DeFi.
Cross-Chain DeFi
OpenUSDT fuels cross-chain DeFi applications with unified USDT liquidity.
Secure Interopability
OpenUSDT cross-chain transfers are powered by Hyperlane and secured with Chainlink CCIP, with zero vendor lock-in.
1:1 Backed
OpenUSDT is backed 1:1 with native USDT locked on Ethereum and Celo, helping ensure stability, verifiability, and seamless liquidity without fragmentation.
Open Access
Provides free access for additional chains to integrate support for OpenUSDT.
Future Proof
OpenUSDT can seamlessly transition to native USDT on chains where native minting and redemptions are supported.
USDT has been the lifeblood of DeFi for many years, and Chainlink is excited to support it further by supporting OpenUSDT interoperability, making it possible to seamlessly bring USDT anywhere on any Optimism chain. Chainlink's full tech stack will be unleashed for the adoption of USDT in the Optimism ecosystem with both Chainlink Data Feeds and Chainlink CCIP being used to make the adoption of USDT seamless for DeFi developers looking to use the largest stablecoin in the space.
OpenUSDT is a future-proof product accelerating the accessibility and adoption of Tether’s USDT stablecoin within the Superchain ecosystem; helping Ethereum become the leading settlement layer for global payments and decentralized finance.
With sub-cent transaction fees, stablecoin gas payments, seamless on- and off-ramps, and as the only Layer-2 with native USDT following Celo’s migration next month, serving as the backbone for OpenUSDT is a way for us to realize this vision. We’re excited to support this amazing initiative alongside Chainlink and Hyperlane, and make our welcome contribution as we join the Superchain family and move towards Ethereum Layer-2 interoperability.
OpenUSDT is a seminal moment for interoperability in the Superchain. As the open framework for interop, Hyperlane uniquely allows OpenUSDT to expand to any chain easily. OpenUSDT will be able to grow with the Superchain even as new rollups launch.
As the primary trading and liquidity hub of the Superchain, Velodrome couldn't be more excited to support the launch of OpenUSDT. A strong ecosystem of interoperable stablecoins will be essential for Superchain builders and users, and Velodrome will be their hub.
FAQs
OpenUSDT (oUSDT) is a new interoperable USDT token purpose-built for cross-chain DeFi. It is backed 1:1 with native USDT locked on Ethereum and Celo, and leverages Hyperlane and Chainlink CCIP for cross-chain transferability.
Users can swap for oUSDT on Velodrome Finance, Aerodrome Finance, or alternatively, Eco Portal.
Users can also bridge their oUSDT between supported networks through the openUSDT app.
If you need native USDT, you can buy it on Binance or most major exchanges and withdraw to Ethereum directly. Alternatively, there are pools available on DEXs like Uniswap.
OpenUSDT is available on 12 different chains today and can be permissionlessly expanded to any future chain at zero cost. For a full list of supported chains, see The OpenUSDT Ecosystem
OpenUSDT provides free and open access to the world’s largest stablecoin, creating unified liquidity for USDT across different ecosystems.
- Fast, slippage-free stablecoin liquidity across chains.
- Backed 1:1 with native USDT on Ethereum and Celo.
- Can easily expand to new chains and ecosystems with out-of-the-box Hyperlane deployments and CCIP.
- Free access for additional chains to integrate support for openUSDT.
- Seamlessly upgradable to native USDT minting and redemptions on a chain-by-chain basis, in collaboration with Tether.