USDT0 (USDT0), an omnichain version of the largest stablecoin USDT, is expanding to Tempo, a payments-focused Layer 1 blockchain co-developed by Stripe and Paradigm, according to onchain information. 

Active testing of USDT0’s Tempo deployment appears to have kicked off six days ago with a series of test transactions, though the TIP-20 token contract was deployed on Feb. 18. 

A USDT0 representative confirmed the contract is live, though the official debut on Tempo is slated for Friday.

“What we’re seeing now is stablecoins behaving more like financial infrastructure than crypto products. USDT0 on Tempo is part of that shift, where liquidity is shared, not siloed, across networks," Lorenzo Romagnoli, co-founder of USDT0, told The Block. 

USDT0 tokens are minted using LayerZero's Omnichain Fungible Token standard and maintain a 1:1 backing with USDT. The tokens are designed to behave consistently across chains and use a lock and mint/burn mechanism to move “bridgelessly” between networks.

In February, USDT issuer Tether announced a strategic investment in LayerZero Labs. USDT0 launched early last year and surpassed $70 billion in cumulative transaction volume within 12 months.

Launching on Tempo would mark USDT0’s 23rd deployment, according to its documentation. The asset is live on the Ethereum base layer and major Layer 2s, as well as newer chains such as Monad and HyperLiquid, Bitcoin scaling layers including Corn and Rootstock, and USDT-focused networks like Stable and Plasma, among others. 

In addition to targeting high throughput and low fees, Tempo is designed specifically for stablecoin use. The network features an enshrined automated market maker that enables stablecoin swaps at the protocol level.