An unsolicited (long) late-night USDT0 story: One of the first blockchains I heard about from @USDT0_to was an L1 project. Let's call it X. My co-founder and I are both native DeFi developers, and at the time we had a close relationship with the X Foundation's operations team. Our mentors were skeptical. We genuinely believed in the team. X had received strong support from early DeFi builders and had just completed a rebranding and upgrade, which was significant in that cycle. In our eyes, X was the ideal launch partner. We used every connection we had, even getting some people within Tether who saw the potential in our project to advocate for us in Telegram chats with X's management. Ultimately, we had a conference call with X's leadership. This team had been working on launching USDT on their blockchain for nearly two years. We prepared for it for two days, as if it were the most important thing in the world. The conference call began. I started with what I still call my USDT0 pitch. Less than 90 seconds later, one of their management team members lay on the sofa with his webcam still on and started doing something else on his MacBook, clearly not listening to our value proposition. Two minutes later, he interrupted me, laughing and dismissing us. He told us they were one of the best L1 service providers in the world, that they already worked with other stablecoins, and had absolutely no interest in the product we were developing. He said our product would never gain market acceptance, and maintaining the status quo was fine. That was what they were really interested in. At the time, it was frustrating. In hindsight, it was a revelation. A few months later, we met with the @inkonchain/@krakenfx team. What we expected to be a difficult conversation turned out to be surprisingly smooth. We launched USDT0 there and started gaining market acceptance. Then, @arbitrum escalated. Tether delegated 1.8 billion USDT worth of contracts to us. Our TVL skyrocketed from around 100 million to over 2 billion, and the market suddenly understood our goals. After that, we continued our efforts. Berachain, Sei, Hyperliquid, Flare, Polygon, and others. Daily trading volume reached 10 to 15 million tokens and continued to grow. Most importantly, partners started using USDT0 because it solved real operational problems, not because of its hype, but because of its practicality. A few months later, I heard that X attempted to partner with a USDT0 clone. But this attempt ended in failure. Meanwhile, USDT0 continued to grow thanks to some emerging and exciting blockchains, such as Plasma, Mantle, Stable, Conflux, Morph, MegaETH, and others. Today, X is no longer what it once was. DeFi builders' attention has shifted elsewhere, and CT's attitude towards its leadership and communication has become more austere. Like most other governance tokens on the market, USDT0 faces significant challenges. Today, USDT0 transfers approximately 300 million USDT daily across 25 chains. It has become the de facto expansion strategy for Tether assets, with a total value locked (TVL) exceeding $4.4 billion. It is the world's fastest-growing cross-chain infrastructure. Sometimes, being ridiculed is the best thing that can happen to your project. If you are developing a truly useful product that can improve the status quo and solve real-world problems.
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