Bubble
USDT0 USDT0
USDT0 (USDT0) was trading at $0.9987, ranked #33 by market cap at $4.06B, with 24h volume of $59.90M.
Data snapshot: 2026-08-03 09:00 UTC.
USDT0 is an "omnichain" version of USDT built on LayerZero's OFT (Omnichain Fungible Token) standard. Instead of separate, siloed USDT deployments bridged awkwardly between chains, USDT0 lets the same canonical USDT liquidity move natively across multiple blockchains, aiming to reduce the fragmentation and bridging risk that come with traditional wrapped stablecoin bridges. USDT0 is not a separate stablecoin but a transport format for USDT: it uses an omnichain messaging standard so that the same underlying USDT can move between networks by being burned on one and minted on another, rather than being locked in a bridge contract and represented by a wrapped claim. That removes the bridge-custody risk that has caused some of the largest losses in crypto. On this map it appears alongside stablecoins; the thing to understand is that its supply is a routing artefact of USDT rather than new dollar issuance.
Is USDT0 a different stablecoin from USDT?
No. It is a cross-chain representation of USDT using an omnichain standard, so it is the same underlying asset moved between networks rather than a separate issuance.
How is that different from a bridged token?
Traditional bridges lock tokens on one chain and mint a wrapped claim on another, concentrating risk in the bridge contract. The omnichain approach burns and mints the canonical token instead.
Why does bridge design matter?
Bridge exploits have caused some of the largest single losses in crypto. Removing a locked pool of collateral removes that specific attack surface.
Should its market cap be added to USDT's?
No — that would double-count. It represents the same dollars routed across networks, not additional supply.
Market cap decides how big a bubble is drawn, so rank is what places USDT0 on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #27 | sUSDS (SUSDS) | $4.64B |
| #28 | PayPal USD (PYUSD) | $2.78B |
| #33 | USDT0 (USDT0) | $4.06B |
| #40 | Ripple USD (RLUSD) | $1.58B |
| #42 | USDD (USDD) | $1.53B |