Hassan Maishera
On Tuesday, the LayerZero team announced via X that Tether has made a strategic investment in LayerZero Labs, the development company behind the interoperability protocol.
Over the past year, LayerZero’s interoperability infrastructure has been leveraged by Everdawn Labs to develop and bring to market USDt0 and XAUt0, enabling large-scale cross-chain value movement under live market conditions.
Built on LayerZero’s Omnichain Fungible Token standard, these implementations demonstrated that stablecoins and tokenized assets can move seamlessly across blockchains without fragmentation or loss of liquidity. Since launch, USDt0 has facilitated more than $70 billion in cross-chain value transfer in under twelve months, serving as real-world proof of global-scale interoperability
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 $2.37, up 23% in the last 24 hours.
