Deep Tide TechFlow News, February 10 — According to official Tether announcements, they have announced a strategic investment in LayerZero Labs, a cross-chain interoperability protocol developer, to support the development of interoperability infrastructure that is already used in the global digital asset ecosystem.
LayerZero Labs is the creator of one of the most widely adopted cross-chain frameworks in the market, providing underlying technology for the secure and efficient transfer of digital assets across different blockchains. Over the past year, Everdawn Labs has utilized LayerZero’s interoperability infrastructure to develop USDt0 and XAUt0, enabling large-scale cross-chain value transfers.
Since its launch, USDt0, built on LayerZero’s full-chain fungible token standard, has facilitated over $70 billion in cross-chain value transfers in less than 12 months. Tether CEO Paolo Ardoino stated that the interoperability technology built by LayerZero Labs enables digital assets to transfer in real-time across any transmission layer and distributed ledger, providing fundamental functionality for the financial industry.
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Tether announces strategic investment in LayerZero Labs
Deep Tide TechFlow News, February 10 — According to official Tether announcements, they have announced a strategic investment in LayerZero Labs, a cross-chain interoperability protocol developer, to support the development of interoperability infrastructure that is already used in the global digital asset ecosystem.
LayerZero Labs is the creator of one of the most widely adopted cross-chain frameworks in the market, providing underlying technology for the secure and efficient transfer of digital assets across different blockchains. Over the past year, Everdawn Labs has utilized LayerZero’s interoperability infrastructure to develop USDt0 and XAUt0, enabling large-scale cross-chain value transfers.
Since its launch, USDt0, built on LayerZero’s full-chain fungible token standard, has facilitated over $70 billion in cross-chain value transfers in less than 12 months. Tether CEO Paolo Ardoino stated that the interoperability technology built by LayerZero Labs enables digital assets to transfer in real-time across any transmission layer and distributed ledger, providing fundamental functionality for the financial industry.