Key Highlights
- Bybit integrates USDT0, Tether’s omnichain stablecoin deployment using LayerZero, enabling direct cross-chain transfers on Mantle.
- The integration positions Mantle as the largest exchange-related Layer 2 network by total value locked (TVL).
- The collaboration aims to unify stablecoin liquidity, improve cross-chain user experience, and advance infrastructure for decentralized finance.
Bybit, the second-largest cryptocurrency exchange by trade volume, announced that it will now support USDT0 deposits and withdrawals on the Mantle Network. Due to this integration, Mantle maintains its status as one of the largest exchange-related Layer 2 networks in terms of TVL.
By supporting USDT0, the new cross-chain standard for Tether’s USDT stablecoin, Mantle and Bybit are creating a unified stablecoin liquidity infrastructure.
USDT0’s function in the deal
USDT0 is designed to function as a single layer of liquidity across multiple blockchains. It utilizes LayerZero’s Omnichain Fungible Token (OFT) standard, which uses a two-way mint-and-burn mechanism to ensure strict 1:1 backing and avoid the fragmentation often associated with conventional bridges.
Depositing and withdrawing USDT0 will soon be enabled directly between the exchange and Mantle Network, with zero-fee withdrawals available temporarily in order to incentivize early activity. This combination of USDT0 as a liquidity layer with Mantle as the L2 network and Bybit as a global venue sets the stage for the next generation of cross-chain stablecoin infrastructure.
Mantle’s role in the collaboration
The Mantle Network is a modular Layer 2 solution on Ethereum, with strong connections to exchange infrastructure and focused on efficient distribution and liquidity for tokenized assets. With Mantle among the very first exchange-related networks to adopt USDT0 early in conjunction with Tether and Bybit, Mantle reinforces its high-performance L2, optimized for stablecoin transactions and cross-chain flows.
The initiative aims to centralize the synchronization of centralized liquidity, on-chain applications, and cross-chain movements into a cohesive user experience, providing users with a far more efficient and predictable access method for Tether-based liquidity. Emily Bao, Key Advisor at Mantle, said, “Early support for USDT0, along with Tether and Bybit, is a strategic move for Mantle. It secures Mantle’s position as a core venue for cross-chain stablecoin liquidity and for onchain capital markets reliant on it.”
The architecture of USDT0 has been designed to make stablecoin movement easier through a simplified, unified bridge, eschewing complex, multi-hop bridging and routing. All this is expected to reduce friction for both retail and institutional users. Users will benefit from low-cost, fast USDT0 transfers on Mantle; direct access to Bybit markets; using USDT0 as a settlement asset; and streamlined deployment of capital into Mantle-native applications.
Unified liquidity standard
Commenting on the partnership, Lorenzo R., Co-Founder at USDT0, said, “USDT0 was designed to unify liquidity across chains, and Mantle’s high-performance infrastructure makes it an ideal network for that vision. Working alongside Bybit and Mantle lets us deliver a more seamless, interoperable stablecoin standard that enhances UX and accelerates multi-chain adoption for both users and institutions alike.”
This collaboration reflects a broader industry trend of moving toward unified cross-chain standards and next-generation L2 infrastructure capable of processing high-volume capital flows. It is a strategic alignment that is required by the infrastructure for future growth in DeFi, tokenization, and institutional asset movement. With USDT0 now live on Mantle and coming online at Bybit, the ecosystem continues to move closer to realizing a borderless, frictionless stablecoin standard for the next generation in on-chain finance.
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