Tether and rhino.fi have entered into a strategic alliance to improve cross-chain transactions and raise awareness of USDT within the DeFi sector. This partnership aims to enhance the connectivity of USDT across major Layer 1 blockchains and Layer 2 rollups. Tether, being a leading cryptocurrency exchange, and rhino.fi, a prominent DeFi bridge, bring their strengths together in this collaboration.

Currently, the rhino.fi bridge facilitates straightforward USDT bridging across various ecosystems, including Ethereum, Arbitrum, zkSync, Polygon, Optimism, StarkNet, BSC, Manta, opBNB, Linea, zkEVM, Avalanche, and Scroll.

Through this collaboration, users will benefit from streamlined fee structures and increased liquidity, enabling them to bridge up to $100,000+ with minimal expense. Additionally, rhino.fi plans to extend USDT support to more networks, such as Base, Tron, and Solana, in 2024, while also integrating new Ethereum rollups.

With Tether boasting 94 billion Tether tokens in circulation and supporting various use cases, users leveraging USDT across different chains and rollups will experience reduced friction and improved liquidity.

Paolo Ardoino, Tether's CEO, sees this partnership as a significant step toward making USDT more accessible, efficient, and practical across diverse blockchain ecosystems. Meanwhile, Will Harborne, CEO of rhino.fi, believes that USDT's wide acceptance in real-world use cases will be further amplified in the DeFi market across multiple chains through this collaboration.

Pooling their resources and expertise, both companies aim to address the challenge of facilitating easy cross-chain transactions in the dynamic cryptocurrency landscape and enhancing the DeFi environment for users. The ultimate goal of the partnership is to establish a seamlessly integrated decentralized financial ecosystem for enhanced user experience.