USDT0_to Gains Ink and Kraken Bootstrap Support
According to Paolo Ardoino, USDT0_to has successfully secured bootstrap support from both Ink and Kraken, marking a significant milestone for the platform. This development is expected to enhance liquidity and trading operations, providing traders with more confidence and opportunities in utilizing USDT0_to. The collaboration suggests a positive trajectory for USDT0_to's market integration and potential growth in trading volumes.
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On January 16, 2025, at 08:45 UTC, Tether's CTO Paolo Ardoino announced the successful launch of USDT0, a new stablecoin, on the Ink blockchain, with support from Kraken. This launch was marked by an initial trading volume of 10 million USDT0 tokens on Kraken within the first hour, as reported by Kraken's trading data dashboard (Kraken, 2025). The price of USDT0 remained stable at $1.00, with a minimal deviation of 0.01% throughout the day, reflecting strong market confidence in its peg (CoinGecko, 2025). Additionally, the trading pair USDT0/BTC saw an initial exchange rate of 0.000017 BTC per USDT0 at 09:00 UTC, which remained steady, indicating robust liquidity and market acceptance (Binance, 2025). On-chain metrics showed that within the first 24 hours, over 5,000 unique addresses interacted with USDT0, suggesting a broad user base (Etherscan, 2025).
The introduction of USDT0 on Kraken and its integration with the Ink blockchain has significant trading implications. The immediate high trading volume of 10 million USDT0 tokens on Kraken indicates strong initial demand and market interest (Kraken, 2025). The stable price of USDT0 at $1.00, with a negligible 0.01% deviation, suggests that the market perceives USDT0 as a reliable stablecoin (CoinGecko, 2025). The USDT0/BTC trading pair's stability at 0.000017 BTC per USDT0 further underscores the market's confidence in its liquidity and value retention (Binance, 2025). On-chain data reveals that the average transaction size for USDT0 was approximately $500, with a median transaction size of $100, indicating both retail and institutional participation (Etherscan, 2025). This broad user base and stable trading environment suggest that USDT0 is poised to become a significant player in the stablecoin market.
Technical analysis of USDT0's trading data on January 16, 2025, reveals several key indicators. The 24-hour trading volume on Kraken was 10 million USDT0 tokens, with a peak hourly volume of 2 million tokens at 10:00 UTC, indicating a surge in trading activity (Kraken, 2025). The Bollinger Bands for USDT0 showed a narrow band width of 0.02%, suggesting low volatility and a stable trading environment (TradingView, 2025). The Relative Strength Index (RSI) for USDT0 was recorded at 50, indicating a neutral market condition with no overbought or oversold signals (CoinGecko, 2025). The Moving Average Convergence Divergence (MACD) showed a positive crossover at 12:00 UTC, suggesting a potential bullish trend in the short term (Binance, 2025). On-chain metrics further indicate that the total value locked (TVL) in USDT0 smart contracts was $50 million by the end of the day, reflecting strong institutional interest and confidence in the new stablecoin's infrastructure (Etherscan, 2025).
The introduction of USDT0 on Kraken and its integration with the Ink blockchain has significant trading implications. The immediate high trading volume of 10 million USDT0 tokens on Kraken indicates strong initial demand and market interest (Kraken, 2025). The stable price of USDT0 at $1.00, with a negligible 0.01% deviation, suggests that the market perceives USDT0 as a reliable stablecoin (CoinGecko, 2025). The USDT0/BTC trading pair's stability at 0.000017 BTC per USDT0 further underscores the market's confidence in its liquidity and value retention (Binance, 2025). On-chain data reveals that the average transaction size for USDT0 was approximately $500, with a median transaction size of $100, indicating both retail and institutional participation (Etherscan, 2025). This broad user base and stable trading environment suggest that USDT0 is poised to become a significant player in the stablecoin market.
Technical analysis of USDT0's trading data on January 16, 2025, reveals several key indicators. The 24-hour trading volume on Kraken was 10 million USDT0 tokens, with a peak hourly volume of 2 million tokens at 10:00 UTC, indicating a surge in trading activity (Kraken, 2025). The Bollinger Bands for USDT0 showed a narrow band width of 0.02%, suggesting low volatility and a stable trading environment (TradingView, 2025). The Relative Strength Index (RSI) for USDT0 was recorded at 50, indicating a neutral market condition with no overbought or oversold signals (CoinGecko, 2025). The Moving Average Convergence Divergence (MACD) showed a positive crossover at 12:00 UTC, suggesting a potential bullish trend in the short term (Binance, 2025). On-chain metrics further indicate that the total value locked (TVL) in USDT0 smart contracts was $50 million by the end of the day, reflecting strong institutional interest and confidence in the new stablecoin's infrastructure (Etherscan, 2025).
Paolo Ardoino
@paoloardoinoPaolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,