USDT0 is an omnichain extension of Tether’s USD₮, created to streamline stablecoin transfers across multiple blockchains. Built on LayerZero’s Omnichain Fungible Token (OFT) standard, it replaces fragmented wrapped-token models with a lock-and-mint system: USD₮ is secured in escrow on Ethereum, while an equivalent amount of USDT0 is minted on the destination chain; when burned, the underlying USD₮ is released. This ensures every USDT0 remains 1:1 backed by USD₮, preserving stability and transparency. By eliminating the reliance on fragmented bridge liquidity, USDT0 improves capital efficiency, simplifies cross-chain transactions, and reduces counterparty risks for users moving stablecoins between ecosystems. The project is being advanced by Everdawn Labs in partnership with Tether.

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The Australian Dollar (AUD) is the official currency of Australia, issued by the Reserve Bank of Australia (RBA). AUD is often influenced by commodity exports like gold and iron ore. Australia has a strong blockchain industry, and AUD-backed stablecoins provide a way to transact in crypto while maintaining value stability.