From USDT0 to USDG0: How omnichain stablecoins are reshaping market

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From USDT0 to USDG0

Omnichain in action

At the center of attention is the omnichain stablecoin USDT0, launched by Everdawn Labs in partnership with Tether earlier in 2025. Since then, the network has surpassed $50 billion in cumulative transfers, with more than 20% of that volume coming in the past month alone. This pace is more than impressive — it reflects real and growing demand for the omnichain liquidity model.

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Today, USDT0 operates on 15 blockchains, including Ethereum, Arbitrum, Ink, Sei, Solana, HyperLiquid, Conflux, Plasma, and Bitcoin-based L2s such as Corn and Rootstock. The stablecoin remains an on-chain representation of the classic USDT, which allows it to exist on networks where Tether does not issue a native version. Tokens are minted directly on the destination chain and maintain full 1:1 backing with the underlying asset.

Tether describes this model as a “monetary mesh,” emphasizing that omnichain architecture removes the need for users to pick networks or interact with bridges. This level of liquidity accessibility has been the key driver behind USDT0’s growth. Against the backdrop of $27 trillion in annual stablecoin transactions and a market capitalization exceeding $300 billion, this success looks natural: the market has long been ready for a model where stablecoins work the same everywhere.

Multichain, crosschain, and omnichain: what’s the difference?

To understand why the omnichain model has become so popular, it’s worth looking at how the industry operated before. For many years, the crypto market lived by the principle “multiple networks — multiple versions of the same token.” This resulted in the rise of multichain and crosschain approaches.

Multichain means a project deploys separate instances on different blockchains, and each version exists independently. A stablecoin may have contracts on Ethereum, Solana, or Avalanche, but liquidity becomes fragmented, and users must manually move assets between networks.

Crosschain attempted to connect these isolated environments. Bridges and wrapped tokens appeared: a token is locked on one network and a “mirrored” version is minted on another. This enabled movement of assets but introduced new risks. Many of the largest hacks in recent years were tied to crosschain bridges — the weakest and most overloaded link in this architecture.

Omnichain takes a different approach. Instead of multiple copies of one token, there is a single version accessible across many networks. Its state is synchronized through a unified communication layer, and users don’t need to think about where their asset “resides.”

Paxos joins the race

The growing interest in omnichain stablecoins has not gone unnoticed. Just a week ago, another major player entered the niche — Paxos Labs, which launched its own omnichain version of the digital dollar called USDG0. In essence, the company brought its regulated USDG stablecoin into a format that works simultaneously across multiple networks, fully aligned with the new architecture.

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USDG0 uses the same LayerZero OFT standard as USDT0 and solves the same problem: making the digital dollar available on blockchains where native USDG is not yet issued.

Paxos approached the launch with a fully equipped infrastructure stack: portals for instant transfers, tools for large transactions, and developer-friendly APIs. According to company representatives, USDG0 is intended to become “the next stage in the evolution of digital dollars,” where security, transparency, and interoperability reinforce each other instead of creating trade-offs.

A trend that can no longer be stopped

The growing popularity of USDT0 and the launch of USDG0 show that omnichain architecture is no longer an experiment — it is becoming the new standard for stablecoins. The industry is striving to become simpler and more accessible. Users need a unified model that works consistently across any network — and omnichain provides exactly that.

Given the rapid expansion of the stablecoin market, where annual volumes reach tens of trillions of dollars, the transition to this architecture is logical. Market behavior confirms it: first Tether, now Paxos — and these will certainly not be the last issuers to move into the omnichain format.

Demand for universal digital dollars will only increase, and with it the number of projects seeking to operate across all networks simultaneously. That’s why in 2026 we are almost certain to see new omnichain stablecoins, new LayerZero OFT integrations, and growing competition for the position of the “universal” digital asset.

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