TL;DR: Tether's USDT0 is now live via their Unified Liquidity Protocol. This enables native USDT transfers across multiple chains without traditional bridging - think of it as USDT that moves like a native asset everywhere. The significance: bridges have been DeFi's weakest security link (billions lost to bridge exploits). USDT0 aims to eliminate bridge risk for stablecoin transfers while maintaining unified liquidity pools. One USDT, all chains, no bridges.

TLDR by @DeepSeaSquid

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