what's Everdawn Labs?

Everdawn Labs is a blockchain software development consultancy that operates key omnichain infrastructure for Tether assets. They manage USDT0, the omnichain extension of USDT, utilizing LayerZero's Omnichain Fungible Token (OFT) standard. This enables users to lock native USDT on a source chain and mint native USDT0 on a destination chain, providing unified liquidity across 18+ blockchains without wrapped tokens, liquidity pools, or traditional bridging risks. Everdawn Labs also oversees XAUt0, the omnichain deployment of Tether Gold (XAUt), extending seamless cross-chain functionality to tokenized gold. As a third-party operator, they handle protocol deployment, security configurations via Decentralized Verifier Networks, and ecosystem integrations, distinguishing their trust model from direct issuer control while powering billions in cross-chain transfers.[[4]](https://www.tradingview.com/news/chainwire:b64d7f64c094b:0-usdt0-becomes-the-world-s-largest-cross-chain-liquidity-network-after-surpassing-50-billion-in-transfers)[[5]](https://iq.wiki/wiki/xaut0)