CMC News

#Solana Integrates Tether's $180B USDT Through Omnichain Bridge

Legacy Mesh has integrated omnichain versions of #Tether's dollar and gold products onto Solana through its LayerZero-based interoperability network. USDT0 and XAUT0 now connect native #stablecoin liquidity across multiple blockchains without wrapped tokens or third-party bridges.

The deployment brings unified access to approximately $180 billion in $USDT circulation and tokenized gold exposure during record price levels. USDT0 has processed over $25 billion in bridge volume across more than 32,000 transfers since launching on Ethereum, OP Superchain, Polygon, TON, and Arbitrum networks.

Tamar Menteshashvili from the Solana Foundation highlighted applications in decentralized finance, payment systems, and institutional products. Practical use cases include treasury management, remittances, and collateralized lending on the network.

XAUT0 represents an omnichain version of Tether Gold, which tracks physical gold reserves with programmable blockchain features similar to $BTC. The integration arrives as gold prices reach all-time highs above $4,200, driven by rate-cut expectations and inflation concerns.

Matt Hougan from #Bitwise Asset Management suggested Solana could become the preferred network for traditional finance institutions executing stablecoin transactions. The blockchain maintains a market capitalization of around $112.6 billion as the second-largest smart contract platform after Ethereum.

Real-world asset tokenization on Solana accelerated with protocols like Splyce and Chintai launching products for retail access to tokenized securities. The network currently hosts approximately $694 million in tokenized assets, though Ethereum dominates with nearly $12 billion.

Recent data shows Solana's #RWA value surged 35.3% over 30 days to $686.3 million, ranking seventh among blockchains.