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- Flare Networks has minted over $60 million in USDT0, enabling gasless and seamless cross-chain stablecoin transfers.
- USDT0’s launch fueled over 160% TVL growth on Flare in just 10 days, boosting DeFi utility across multiple chains.
Flare Networks has announced that over $60 million in USDT0 stablecoins have been minted on its network. This massive minting shows how rapidly the adoption of this cross-chain stablecoin is taking off. With the advantage of transferring between blockchains without bridging fees, USDT0 is slowly but surely starting to push DeFi activity to a different level.
There’s no need to even bother wrapping tokens or thinking about the sometimes frustrating gas fees. Everything is as smooth as sending a chat to a friend.
Over $60M in USD₮0 already minted on @FlareNetworks.
Gasless. Omnichain. Industry-leading rewards.
Start earning today— here’s how 👇 pic.twitter.com/wH4UjkpRJn
— Flare ☀️ (@FlareNetworks) May 8, 2025
Massive TVL Growth and Wider Access Mark USDT0’s Rise
On the other hand, this achievement is not just about the numbers on the dashboard. CNF previously reported that the total value locked (TVL) on the Flare network had surged by over 160% in just 10 days after USDT0 was released. This is no small increase, considering that most other networks take months to see similar growth.
One of the main drivers of this surge is the cross-chain access that is truly felt. USDT0 is not just about transferring assets, but opening the door to liquidity from various networks without any significant obstacles. In a way, this is like removing all toll booths on inter-provincial highways.
Furthermore, on May 5, 2025, USDT0 officially began trading on the Kraken global exchange. This move makes it even more accessible to retail users outside the Flare ecosystem.
Now, anyone with a Kraken account can buy, sell, and hold USDT0 like any other stablecoin. Imagine if you held USDT0 on Flare, but your friend held it on Ethereum—and you could send it to each other without worrying about gas fees. That’s what’s happening right now.
Flare Balances Innovation With Deep Infrastructure Work
If we go back a bit to mid-April, there was another big move from Flare that was no less interesting. They announced plans to launch XRPFi—a project that brings DeFi features like staking and lending to the XRP ecosystem. The goal? To activate the more than $116 billion worth of XRP that has been sitting idle.
With the launch of FXRP, XRP holders can start earning returns on an asset that would normally just sit idle. It’s like turning a regular savings account into a high-interest deposit—without having to change banks.
However, all of these achievements certainly require a strong foundation. Fortunately, Flare is not only busy expanding the reach of its token. In April, they updated their infrastructure through the release of Go-Flare version 1.10.0.
This update will reportedly be followed by a major hard fork to improve network performance. In addition, their collaboration with Encode Club also strengthens the educational side, especially through the “Flare Educate Series” program targeting developers.
Meanwhile, as of the writing time, FLR is swapped hands at about $0.01968, up 31.13% over the last 30 days, and driving its market cap to surpass the $1.20 billion mark.
