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Flare Network’s TVL Surges 160% Following USDT0 Stablecoin Launch
Flare Network’s TVL Surges 160% Following USDT0 Stablecoin Launch
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Flare Network has witnessed a dramatic 160% increase in Total Value Locked (TVL), soaring from $45 million to $120 million within two weeks. The growth spurt follows the April 2 launch of USDT0, an omnichain stablecoin natively integrated into the network.
The USDT0 Boost program is fueling adoption by offering liquidity providers up to 30% APY in rFLR rewards. This incentive structure demonstrates Flare’s strategic approach to building sustainable DeFi ecosystems rather than pursuing short-term gains.
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