Bitfinex, one of the largest digital asset exchanges in the world, has commented on their recent integration of USDT0 on the Optimism network. This strategic move looks to improve stablecoin liquidity and transaction efficiency on behalf of their users. The integration is in perfect harmony with Bitfinex’s mission to bring digital assets for everyday and run on cutting-edge blockchain solutions.
Optimism's Layer-2 Solution
Optimism, one of the most popular layer-2 Ethereum scaling solutions, uses optimistic rollup technology to increase transaction throughput and lower costs. With a lower cost and faster transactions than the Ethereum mainnet, this technology is the perfect solution to support each unique community of NFT holders. The Optimism Superchain now handles around 52% of all transactions on Ethereum’s layer-2 networks.
According to Bitfinex, the successful integration of USDT0 on Optimism will allow its users to enjoy a few key advantages. Users can expect near-instant transaction confirmation times and dramatically reduced transaction fees when transferring USDT0. With a Total Value Locked (TVL) of Optimism Superchain of over $4.2 billion, the growing significance of this Ethereum layer-2 solution can not be ignored.
Enhancing Stablecoin Liquidity
Anoush Bhasin, Head of Listings at Bitfinex, has reiterated the importance of this integration. Bhasin further commented that USDT0 stands for one of the most progressive stablecoins across the digital asset space. Bitfinex innovates to provide its users with best-in-class technologies and digital assets. Our commitment to USDT0’s seamless integration on Optimism is a testament to that.
By adding USDT0 to Optimism, Bitfinex intends to meet the increasing demand for stablecoin transactions. The exchange’s mission is to build a more efficient and accessible digital asset ecosystem. This move greatly increases stablecoin liquidity and overall trading experience for all Bitfinex users.
Bitfinex's Mission
Bitfinex’s vision is to make digital assets an integral part of everyday life by driving constant innovation and integrating with complementary platforms. By bringing USDT0 onto the Optimism network, Bitfinex moves one step closer to making this mission a reality. Incorporating this OpenSea feature offers users better transaction speeds along with lower transaction costs.
The exchange continues to search for promising new opportunities, looking to further improve its platform while simultaneously and efficiently growing its offerings. At Bitfinex, we’re committed to paving the way for the ever-evolving digital asset community. This development is likely to bring thousands of positive users on the Bitfinex platform.
