Flare Network Explodes With $120 Million TVL Following Launch of USDT0 Stablecoin

Flare Network has experienced a dramatic surge in Total Value Locked (TVL) recently, reaching over $120 million in just two weeks. This impressive growth is directly linked to the launch of the new omnichain stablecoin, USDT0. The introduction of USDT0 on April 28th facilitated significant liquidity flows within the protocol, attracting users and boosting the DeFi ecosystem’s overall strength.