USDT0 Resumes Cross-Chain Bridge Services After Preventive Pause Over rsETH Incident

Gate News message, April 20 — USDT0 has resumed normal operations of its cross-chain bridge infrastructure today, with system integrity and risk exposure remaining unaffected, according to an official announcement. All pending transactions submitted before the pause have been safely settled.

Yesterday (April 19), USDT0 temporarily suspended its OFT bridge services as a precautionary measure while the KelpDAO rsETH incident was under investigation. The platform emphasized that USDT0 has no risk exposure to the incident and that all USDT0 tokens remain fully backed by USDT on a 1:1 basis.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Kelp DAO's $230M Debt: Analyst Proposes Recovery Token Plan

Aave risks up to $230M from Kelp DAO; Umbrella may not cover it. A recovery plan via a $kRecovery token could repay the debt over time through token buybacks, Arbitrum recovery, and KUSD scaling. Abstract: The article analyzes Aave's potential losses from the Kelp DAO exploit, the adequacy of the Umbrella reserve, and a proposed recovery path with $kRecovery to repay over time via buybacks, Arbitrum recovery, and KUSD scaling.

CryptoFrontier22m ago

Ripple XRP Ledger Is Set to be Quantum-Resistant by 2028, Signaling Highly Bullish Future for XRP Price

Ripple XRP Ledger is set to be quantum-resistant by 2028. This signals a highly bullish future for XRP.  Tron is also working to catch up with this progressive move. Crypto and blockchain continue to chase success and progress with no concern for the current state of markets. For

CryptoNewsLand42m ago

Ripple Plans Quantum-Resistant XRP Ledger by 2028

Ripple announced on Monday a multi-stage roadmap to build quantum-resistant infrastructure for the XRP Ledger (XRPL) by 2028, addressing growing concerns about the security of existing cryptographic systems against future quantum computing threats. Quantum Threat Context While quantum computing t

CryptoFrontier1h ago

DefiLlama Founder: Arbitrum Prioritizing Seized Funds for Aave Market Could Cut Bad Debt by 80%

Gate News message, April 21 — According to DefiLlama founder 0xngmi, if Arbitrum prioritizes using seized funds for the Aave market on Arbitrum, bad debt could be significantly reduced. Under a "loss socialization" scenario, Arbitrum would face no bad debt at all; if rsETH on the L2 faces a

GateNews2h ago

Singapore's MetaComp Launches AI Agent Framework for Financial Compliance and Payments

MetaComp debuts StableX Know Your Agent for regulated AI in payments, combining multi-vendor analytics to slash false clean rates, with AgentX Skills supporting Claude; aims for auditable cross-border finance via downloadable AI Skills. Abstract: MetaComp introduces the StableX Know Your Agent framework to govern AI agents in regulated payments and wealth management, covering identity, permissions, monitoring, auditing, and agent-to-agent interactions. It reduces false positives by parallel analytics from multiple vendors and enables auditable cross-border finance through downloadable AI Skills (AgentX), starting with Claude support and expansion across regions.

GateNews3h ago

Qivalis Consortium of 12 European Banks Advances Euro Stablecoin Launch for H2 2026

Qivalis, a 12-bank European consortium including BBVA and BNP Paribas, is advancing a euro-stablecoin with a planned H2 2026 launch, backed by Fireblocks for issuance and distribution and Dutch central bank oversight under MiCAR. Abstract: The Qivalis euro-stablecoin project, backed by 12 European banks and Fireblocks, targets a H2 2026 launch with Dutch central bank oversight under MiCAR, aiming to expand euro-denominated stablecoin use in institutional markets.

GateNews3h ago
Comment
0/400
No comments