The USDT0 stable token closed 2025 with a strong milestone, cementing its position as a major stablecoin market and demonstrating stability in the broader crypto market despite continued performance declines due to macroeconomic risks and geopolitical uncertainties. According to data shared today by market analyst Token Terminal, USDT0 transfer volume rose to an all-time high of $344.8 billion in the fourth quarter of 2025, marking a new period of market expansion, a significant increase from the record set in the third quarter of the year.
USDT0 is a new form of stablecoin launched in early January 2025 by Tether (the company behind the operation of the $USDT stablecoin), designed to expand $USDT‘s availability for blockchains where it is not natively issued. Its cross-chain bridging ability makes it possible $USDT stablecoin to move across multiple blockchains without complex bridges or fragmented pools.
Quarterly transfer volume for @USDT0_to reached an all-time high of $344.8 billion in Q4 ’25.
A graph to follow 👇 pic.twitter.com/imOvSPlYWB
— Token Terminal 📊 (@tokenterminal) March 8, 2026
USDT0 transfers driven by multi-asset transactions
The fourth quarter period marked the fourth consecutive quarter in which USDT0 added more users (in terms of millions) and higher trading volume. USD0, which celebrated its first anniversary on January 15 this year, continues to experience network growth as today’s Token Terminal report showed the stablecoin achieving a new record in quarterly transaction volume by reaching an unprecedented $344.8 billion in the fourth quarter of 2025.
This achievement is the result of the network’s ongoing collaboration to connect its cross-chain bridging platform to various blockchain networks. Three weeks ago, on February 16, USDT0 went live on the Bitget exchange, connecting the unified $USDT liquidity to one of the largest crypto trading platforms and expands network liquidity with broader on-chain settlements. Its debut on Bitget significantly broadened the usefulness of its unified $USDT liquidity. By connecting this liquidity infrastructure to a crypto exchange serving more than 120 million global customers, USDTO has gained broader trading, transfers, and money movement capabilities.
Over the past year, since its founding on January 15, 2025, USDT0 has connected its stablecoin platform to 18 major blockchain networks, signaling an ongoing commitment to collaboration and reflecting where the unified liquidity comes from. The above data shows that fourth-quarter USDT0 transfers across leading blockchains reached a total of $344.8 billion, indicating gradual growth in stablecoin market activity. The Token Terminal data highlighted major blockchain networks witnessing excellent USDT0 transfer volume. Arbitrum identified the top chain that recorded the highest USDT0 transfer amounts during the fourth quarter.
Second on the list is Unichain, which recorded the second highest USDT0 transfers during the period. Fourth on the list is Sei Network, followed by Polygon, HyperEVM, Berachain, Plasma, Ink and OP Mainnet, as illustrated in the data above. Apart from the above-mentioned 9 chains that reached the top of USDT0 transfers in the fourth quarter, other blockchains connected to USDT0’s multichain platform include X Layer, Rootstock, Stable, Mantle, Monad, Corn, Ethereum, Flare, and Conflux.
The expansion of USDT0 reflects the continued adoption of DeFi Multi-Chain
By reducing friction (fragmentation) and connecting liquidity across different blockchains, USDT0 helps expand $USDT‘s role as a consistent settlement layer across different DeFi ecosystems. This form of architecture is critical as stablecoins move from isolated networks to a truly unified on-chain dollar system.
During its first year, USDTO brought about two fundamental shifts in the stablecoin sector. USDT0 links to native via the Legacy Mesh $USDT cross-chain deployments, allowing funds to move across multiple chains without wrappers or synthetic representations. Additionally, USDTP extended the same unified liquidity infrastructure beyond the US dollar by connecting to XAUTO (tokenized gold) and CNHTO (offshore yuan settlement).
As the USDT0 enters its second year of operations, one of the key objectives is to increase on-chain volumes, among other things.