- Flare Networks has beaten more than $ 60 million in USDT0, making gasless and seamless cross-chains-stabile transfers possible.
- The launch of USDT0 fed more than 160% TVL growth on Flare in just 10 days, which stimulates the Defi tool over several chains.
Flare Networks has announced that more than $ 60 million were beaten on its network in USDT0 Stablecoins. This enormous mining shows how quickly the acceptance of this cross-chain stablecoin rises. With the advantage of transferring between block chains without bridging costs, USDT0 is slowly but surely starting to push the Defi activity to a different level.
It is not necessary to even bother to wrap tokens or to think about the sometimes frustrating gas costs. Everything is as smooth as sending a chat to a friend.
More than $ 60 million in USD ₮ 0 already beaten on @flarenetworks.
Gasless. Omnichain. Leading rewards.
Start to earn today – here is how 👇 pic.twitter.com/wh4ujkprjn
– Flare ☀️ (@flarenetworks) May 8, 2025
Sassive TVL growth and wider access Mark USDT0’s Rise
On the other hand, this performance is not just about the figures on the dashboard. CNF previously reported that the total value (TVL) on the Flare network had risen by more than 160% in just 10 days after USDT0 had been released. This is not a small increase, given that most other networks take months to see a similar growth.
One of the most important drivers of this increase is access to cross-chain that is really felt. USDT0 is not only about transferring assets, but opening the door to liquidity from different networks without significant obstacles. In a sense, this is as the removal of all toll cabins on inter-provincial motorways.
Moreover, on May 5, 2025, USDT0 officially started acting on the Kraken Global Exchange. This step makes it even more accessible for retail users outside the flare ecosystem.
Now anyone with a cracking account can buy, sell and keep it like any other stablecoin. Imagine that you held USDT0 on Flare, but your friend kept it on Ethereum – and you could send it to each other without worrying about gas costs. That is what is happening now.
Flare balances innovation with deep infrastructure work
If we go back to mid -April, there was a big step from Flare that was no less interesting. They announced plans to launch XRPFI -a project that entails Defi functions, such as expanding and borrowing to the XRP ecosystem. The goal? To activate the more than $ 116 billion in XRP that has been inactive.
With the launch of FXRP, XRP holders can start earning returns on an active that would normally be inactive. It is as if you are being converted from a regular savings account into a deposit with a high interest rate without banks.
However, all these performance certainly requires a strong basis. Fortunately, Flare is not only busy expanding the reach of his sign. In April they updated their infrastructure through the release of Go-Flare version 1.10.0.
This update is said to be followed by a large hard fork to improve network performance. Moreover, their collaboration with Encode Club also strengthens the educational side, especially through the “Flare Educate Series” program aimed at developers.
In the meantime, from the writing time, FLR is being changed over the hands of approximately $ 0.01968upwards 31.13% In the last 30 days and the management of market capitalization to exceed $ 1.20 billion.
