📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
USDT's multi-chain expansion strategy: horizontal USDT0 and vertical Legacy Mesh
The Continuous Rise of USDT and Cross-Chain Expansion Strategy
As a leading stablecoin, USDT's market capitalization has risen from 80 billion USD to 144 billion USD over the past year, an increase of 80%. Nevertheless, its market share has dropped from 70% to 61%, indicating that other stablecoins are also developing rapidly. To maintain its growth momentum, USDT has adopted an aggressive cross-chain expansion strategy.
Challenges of Expansion Faced by USDT
Limited native support
USDT currently natively supports about 12 blockchains, but it actually exists on more than 80 chains. On non-natively supported chains, USDT is realized through third-party bridging, which adds additional risks.
cross-chain USDT's rise
Approximately $8 billion of USDT has been bridged to other chains on Ethereum. This fragmentation makes it difficult for Tether to comprehensively regulate and manage risks.
the value loss to Tron
USDT dominates on Tron, generating significant transaction fee revenue. This has prompted Tether to consider launching its own blockchain to capture more value.
Tether's Expansion Strategy
horizontal scaling:USDT0
Tether has launched a multi-chain version of USDT0 based on LayerZero OFT, enabling more convenient cross-chain transfers. This simplifies supply management across different networks.
Vertical Scaling: Legacy Mesh and Plasma
Legacy Mesh serves as a central network connecting existing USDT deployments with USDT0. Plasma focuses on the payment efficiency of Bitcoin sidechains. Together, these two projects build a comprehensive liquidity and ecosystem hub for USDT.
The Importance of Interoperability
With the expansion of the blockchain ecosystem, stablecoin issuers need effective cross-chain strategies. LayerZero, with its customizable infrastructure and extensive chain support, is becoming an important gateway for stablecoin cross-chain expansion. Interoperability strategies have become a key step in the development of stablecoins.