Tether has deployed its USDT stablecoin on MegaETH, a new Layer 2 network built on Ethereum. The integration brings the world's largest stablecoin by market capitalization to what MegaETH describes as the "first real-time blockchain."

This move is part of a broader strategy by stablecoin issuers to expand across multiple blockchain networks, offering users faster and more cost-effective transactions than what is available on the Ethereum mainnet. For MegaETH, securing USDT as a launch partner is a significant step, providing its nascent ecosystem with essential liquidity and a core financial building block.

The availability of a native stablecoin like USDT is critical for bootstrapping a new network’s decentralized finance (DeFi) ecosystem. It enables the creation of trading pairs, lending markets, and other financial applications, which can attract both developers and users to the platform. MegaETH was noted as one of USDT's earliest launch partners, signaling a long-planned collaboration.