Crypto
LayerZero Selected by Anchorage Digital for Stablecoin Interoperability
Anchorage Digital has partnered with LayerZero to enhance stablecoin issuance and transfer capabilities. As part of this partnership, institutional-grade stablecoins on Anchorage's platform will utilize LayerZero's OFT standard for multi-chain transfers across Ethereum, EVM-compatible networks, and Solana.
Tether USDT will be the first stablecoin to leverage LayerZero interoperability through the OFT standard at the bank. This integration aims to provide seamless transactions between different blockchain ecosystems.