Tether Announces Strategic Investment in LayerZero Labs
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Tether Announces Strategic Investment in LayerZero Labs
According to an official announcement by Tether, the company has made a strategic investment in LayerZero Labs, a developer of cross-chain interoperability protocols, to support its development of interoperability infrastructure already deployed across the global digital asset ecosystem. LayerZero Labs is the creator of one of the most widely adopted cross-chain frameworks in the market, providing the underlying technology for secure and efficient movement of digital assets across different blockchains. Over the past year, Everdawn Labs has leveraged LayerZero’s interoperability infrastructure to develop USDt0 and XAUt0, enabling large-scale cross-chain value transfers. Since its launch, USDt0—built on LayerZero’s omnichain fungible token standard—has facilitated over $70 billion in cross-chain value transfers in less than 12 months. Paolo Ardoino, CEO of Tether, stated that the interoperability technology built by LayerZero Labs enables digital assets to be transferred in real time across any transport layer and distributed ledger, delivering foundational functionality for the financial industry.
Navigating Web3 tides with focused insightsTechFlow News, February 10: According to an official announcement from Tether, the company has made a strategic investment in LayerZero Labs, a developer of cross-chain interoperability protocols, to support its development of interoperability infrastructure already deployed across the global digital asset ecosystem.
LayerZero Labs is one of the most widely adopted cross-chain frameworks in the market, providing the underlying technology that enables secure and efficient movement of digital assets across different blockchains. Over the past year, Everdawn Labs leveraged LayerZero’s interoperability infrastructure to develop USDt0 and XAUt0, enabling large-scale cross-chain value transfers.
Since its launch, USDt0—built on LayerZero’s omnichain fungible token standard—has facilitated over $70 billion in cross-chain value transfers in under 12 months. Paolo Ardoino, CEO of Tether, stated that the interoperability technology built by LayerZero Labs enables digital assets to be transferred in real time across any transport layer and distributed ledger, delivering foundational functionality for the financial industry.
