USDT0 Set to Launch on Polygon via LayerZero OFT — Everdawn Labs Unveils Cross-Chain USD Stablecoin

On August 27, COINOTAG, citing Cointelegraph, reported that Everdawn Labs announced the Polygon launch of its cross-chain liquidity USD stablecoin USDT0 and gold stablecoin XAUt0. The firm stated both tokens will be issued using LayerZero’s Omnichain Fungible Token (OFT) standard to enable interoperability across supported networks.

The move deploys USDT0 and XAUt0 as Polygon-native instruments leveraging LayerZero infrastructure for omnichain transfers and on-chain settlement capabilities. Everdawn Labs did not publish detailed information on custody arrangements, issuance mechanics or audited reserves in the announcement; stakeholders should consult primary disclosures for operational and regulatory details.