Hassan Maishera
On Wednesday, the LayerZero team announced via X that USX, the first ZK-powered neodollar, runs on the OFT Standard. USX, built on Scroll, introduces a privacy-preserving dollar for DeFi.
By combining Scroll’s zero-knowledge tech with LayerZero’s global reach, USX becomes money that’s private on Scroll and borderless. USX is a USD denominated stablecoin offering privacy and gasless transactions on Scroll. Users can hold, spend, and stake USX for yield across DeFi, starting with Scroll and Ethereum.
USX will launch on Scroll and expand through LayerZero, enabling it to move as money should: borderless and verifiable by design. By adopting the OFT Standard as its interop solution, USX gains:
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Universal liquidity: One supply across every chain
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Composable design: Interoperable with all of DeFi
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Unmatched mobility: 1:1 movement with zero slippage
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $1.4, up 0.7% in the last 24 hours.
