CoinScoopAnchorage Digital Partners With LayerZero for Cross-Chain Stablecoin Transfers
Anchorage Digital has selected LayerZero as its interoperability partner to enable cross-chain functionality for regulated stablecoins issued on its platform. Tether's USAT is the first stablecoin to utilize the LayerZero Omnichain Fungible Token (OFT) standard, allowing for movement across multiple blockchain networks. Anchorage plans to expand this integration to other stablecoins, including Western Union's USDPT and OSL's USDGO, to address liquidity fragmentation.
Summaries are written by AI from the original article. Not investment advice.