Iris Coleman
Sep 26, 2025 19:19
Bitfinex announces support for USDT0 on the Plasma network, enabling seamless deposits and withdrawals of the cross-chain stablecoin.
Bitfinex, a leading digital asset trading platform, has announced the availability of deposits and withdrawals for USDT0 on the Plasma network, effective September 26, 2025. This development marks an expansion of Bitfinex’s support for the cross-chain stablecoin, enhancing its utility across various blockchain networks.
The Role of USDT0 in Digital Transactions
USDT0, an omnichain-ready version of Tether’s USDt, is designed to facilitate seamless stablecoin transactions across different blockchain ecosystems. The integration with Plasma, which utilizes the PlasmaBFT architecture, is part of Bitfinex’s strategy to provide scalable and cost-efficient stablecoin transactions, aiming to meet growing customer demand.
Plasma is recognized for its focus on stablecoin payments, described as “purpose-built for stablecoin payments” during its initial integration with USDT0 earlier this year. The network joins other supported platforms such as Optimism, Ink, and Arbitrum, offering Bitfinex users the ability to convert their USDt balances into USDT0 and transfer them to supported chains.
Expanding Blockchain Interoperability
USDT0 is managed by the USDT0 Consortium, leveraging LayerZero’s OFT standard to expand stablecoin utility. This integration is expected to enhance interoperability across blockchains, positioning USDT0 as a pivotal component in the global digital asset economy.
Anoush Bhasin, Head of Listings at Bitfinex, emphasized the importance of this integration, stating, “Our support of USDT0 on Plasma continues our commitment to meet customer demand for scalable, cost-efficient stablecoin transactions. Plasma’s focus on stablecoins makes it an ideal network for USDT0 to drive adoption in the global digital asset economy.”
About Bitfinex
Established in 2012, Bitfinex offers a comprehensive suite of services for traders and liquidity providers worldwide. The platform provides advanced trading features, peer-to-peer financing, an OTC market, and margin trading for a wide range of digital tokens. Bitfinex is committed to delivering innovative tools and support for experienced traders globally. More information can be found on their official blog.
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