Users can now connect USDT to XRP through Flare's Omnichain Solution, bridging two prominent digital assets.
Live Now: USD₮0 on Flare Network Unites USDT and XRP for DeFi Liquidity Boost
Get ready to revolutionize your DeFi game with Flare Network's latest addition, USD₮0! This innovative omnichain deployment of the renowned stablecoin USDT, powered by LayerZero's Omnichain Fungible Token (OFT) technology, is here to create a unified liquidity solution for XRP.
With USD₮0 officially live on Flare, XRP enthusiasts can now enjoy the seamless flexibility of transferring stablecoins within the network at no cost. This groundbreaking feature significantly lowers the barriers for remittances and crypto payments, boosting accessibility.
But that's not all; USD₮0 holders can take advantage of the USD₮0 Boost program, offering potential returns of up to 30% APY, paid in rFLR tokens, through institutional-grade liquidity opportunities.
Hugo Philion, Co-Founder and CEO of Flare, shares his excitement: "To foster Flare's DeFi ecosystem, we require a highly liquid, globally accessible stablecoin. USD₮0 fulfills this requirement perfectly, unifying liquidity across chains and fortifying a robust capital base essential for XRP DeFi."
USD₮0's integration leverages LayerZero OFT standard for effortless, rapid transfers across supported blockchains like Ethereum, Arbitrum, Optimism, Sei, and Flare. Since its launch in January, over $2 billion worth of USD₮0 has already been bridged on-chain, cementing its status as a rising DeFi liquidity stalwart.
Eager to make the leap? Transition your existing bridged USDT into USD₮0 effortlessly using the Flare Portal's migration tool. Once you're set up, dive right into gasless transfers and high-yield prospects on platforms like SparkDEX and Kinetic.
Embrace the future of DeFi liquidity with USD₮0 — a unified, efficient, and accessible solution for your XRP-focused ventures!
- The Flare Network's USD₮0, a unified stablecoin, is now live, combining USDT and XRP for a boost in DeFi liquidity.
- With USD₮0, XRP enthusiasts can transfer stablecoins across the network frictionlessly, lowering barriers for remittances and crypto payments.
- Holders of USD₮0 can participate in the USD₮0 Boost program, offering high-yield returns of up to 30% APY in rFLR tokens.
- Flare's Co-Founder and CEO, Hugo Philion, expresses excitement, stating that USD₮0 is an excellent solution for a highly liquid, globally accessible stablecoin for their DeFi ecosystem.
- USD₮0 utilizes LayerZero OFT standard for seamless, fast transfers across blockchains like Ethereum, Arbitrum, Optimism, Sei, and Flare.
- Over $2 billion worth of USD₮0 has been bridged on-chain since its launch in January, solidifying its status as a leading DeFi liquidity stalwart.
- Transition your existing bridged USDT into USD₮0 using the Flare Portal's migration tool, and advantage from gasless transfers and high-yield prospects on platforms like SparkDEX and Kinetic.
- Don't miss out on the future of DeFi liquidity with USD₮0 — a unified, efficient, and accessible solution for your XRP-focused ventures that run on web3 technology.
