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Which major financial institution will first adopt USDT0 for transactions by September 30, 2025?
2
Resolution / Starting Odds
JP Morgan • 25%
Goldman Sachs • 25%
Citibank • 25%
Other • 25%
Official announcements from financial institutions
Story
Tether Launches USDT0 on Kraken's Ink Layer 2 Using LayerZero's OFT Standard
Jan 16, 2025, 04:34 PM
Tether has launched a new cross-chain stablecoin, USDT0, marking its first deployment on Kraken's Ink Layer 2. USDT0 aims to enhance liquidity across the cryptocurrency ecosystem by facilitating easier transfers of USDT between different blockchains. The initiative leverages LayerZero's Omnichain Fungible Token standard, starting with transfers between Ink and Ethereum. This move is seen as a significant step towards creating a unified liquidity layer for USDT, potentially impacting global economic activities facilitated by cryptocurrencies. Tether, valued at nearly $140 billion, has been pivotal in banking the unbanked and enabling significant economic exchange.
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JP Morgan • 25%
Goldman Sachs • 25%
Bank of America • 25%
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Drug Cartels • 25%
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JPMorgan Chase • 25%
No major institution • 25%
Bank of America • 25%
Wells Fargo • 25%
Fidelity • 25%
BlackRock • 25%
Vanguard • 25%
Other • 25%
JPMorgan Chase • 25%
Other • 25%
Goldman Sachs • 25%
Morgan Stanley • 25%
JPMorgan Chase • 25%
Morgan Stanley • 25%
Other • 25%
Goldman Sachs • 25%
Solana • 25%
Other • 25%
Ethereum • 25%
Binance Smart Chain • 25%
JP Morgan • 25%
Bank of America • 25%
HSBC • 25%
Other • 25%
JPMorgan • 25%
None of these • 25%
Bank of America • 25%
Goldman Sachs • 25%
A tech company • 25%
A European bank • 25%
Another stablecoin issuer • 25%
Other • 25%