Tether’s omnichain stablecoins, USDT0 and XAUT0, are officially available on the Solana blockchain through Legacy Mesh, an interoperability platform built atop LayerZero. This integration connects native stablecoin liquidity from multiple blockchains, enhancing Solana’s position as a versatile settlement layer for decentralized finance (DeFi) and tokenized real-world assets (RWAs).
With the deployment of USDT0 and XAUT0, Solana now supports both Tether’s digital dollar stablecoin and its tokenized gold variant in an omnichain format. Unlike the traditional USDT stablecoin issued directly by Tether, USDT0 operates within a third-party network aimed at unifying native USDT liquidity across various blockchains. Legacy Mesh’s approach enables smooth inter-network stablecoin transfers without relying on wrapped tokens or external bridges, which often present security risks and liquidity fragmentation.
This new availability follows USDT0’s earlier launches on major chains such as Ethereum, OP Superchain, Polygon, TON, and Arbitrum. The expansion into Solana potentially broadens Tether’s omnichain presence, facilitating greater access to the world’s largest stablecoin by market cap, currently valued at around $180 billion in circulation.
Since its inception, USDT0 has facilitated over $25 billion in bridge volume across more than 32,000 transactions, according to project data.
Tamar Menteshashvili, Head of Stablecoins at the Solana Foundation, highlighted that the integration supports the growth of DeFi, payments, and advanced financial products on the network. Practical applications include treasury management, global remittances, and collateralized lending solutions.
Alongside USDT0, XAUT0 introduces tokenized gold to Solana in an omnichain format. This version of Tether Gold leverages blockchain technology to offer gold with programmable characteristics akin to cryptocurrencies like Bitcoin (BTC). The launch gains relevance amid the sustained rise in gold prices throughout the past year.
Solana’s ecosystem continues to draw attention from both crypto enthusiasts and traditional finance players. Boasting a market capitalization near $112.6 billion, Solana ranks as the second-largest smart contract platform following Ethereum. Industry figures such as Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, note that Solana is well-positioned to attract financial institutions and could emerge as a preferred stablecoin network for banks.
Moreover, tokenization of real-world assets on Solana is gaining traction. Recent product launches from protocols like Splyce and Chintai enable retail investors to access tokenized securities directly on the network. Despite this progress, Solana’s share of the RWA market remains modest, hosting about $694 million in tokenized assets compared to Ethereum’s nearly $12 billion.
These numbers highlight ongoing competition among blockchains striving to capture institutional capital and real-world asset flows, especially as regulatory frameworks in the United States become more favorable for industry development.
