Bitfinex, a digital asset trading platform, has announced support for USDT0 deposits and withdrawals on the Optimism network. This integration enables Bitfinex customers to directly manage USDT0 on the Optimism blockchain.
USDT0, developed by Everdawn and Layer Zero, is a cross-chain stablecoin designed to improve interoperability across different blockchains. Optimism, an Ethereum layer-2 scaling solution, leverages optimistic rollup technology to increase transaction throughput and reduce fees.
Bitfinex's support for USDT0 on Optimism aligns with its strategy to meet market demands for scalable digital asset transactions. This move aims to enhance stablecoin liquidity and transaction efficiency within the Optimism ecosystem.