Anchorage Digital Partners with LayerZero for Cross-Chain Stablecoin Integration
- Anchorage Digital has chosen LayerZero as its interoperability partner for regulated stablecoins issued through its platform.
- Tether’s USAT is the first token to adopt the LayerZero Omnichain Fungible Token (OFT) standard under this arrangement.
- LayerZero supports connectivity across more than 170 blockchain networks, though not every Anchorage-issued stablecoin is live on all chains today.
- USAT is the first live stablecoin integration on Anchorage Digital’s platform using the LayerZero standard.
- Other stablecoins, such as Western Union’s USDPT and OSL’s USDGO, are expected to integrate later.
Anchorage Digital is enhancing its regulated stablecoin stack by integrating cross-chain infrastructure directly into it, starting with Tether’s USAT using LayerZero’s OFT standard. This move addresses issues of stablecoin fragmentation by providing a unified management system across multiple blockchain environments without creating isolated versions for each chain.
With over 170 networks supported by LayerZero, Anchorage aims to streamline cross-chain distribution for regulated stablecoins, making it a core part of their issuance strategy rather than an add-on feature. (Source)
