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Anchorage Digital Selects LayerZero for Cross-Chain Stablecoins
Anchorage Digital, described as America's first federally chartered crypto bank, is moving its stablecoins across more than 170 blockchains using LayerZero's OFT standard, beginning with Tether's USAT.
Published:
Updated:
What happened
Anchorage Digital, described as America's first federally chartered crypto bank, is moving its stablecoins across more than 170 blockchains using LayerZero's OFT standard, beginning with Tether's USAT.
Confirmed
Global impact / market context
Stablecoins that move across many blockchains can reach more users and support more trading and payment activity, which may increase demand for issuer services and related tokens while making cross-chain transfers simpler for customers.
Analyst inference
Cross-chain stablecoin growth matters because these tokens are widely used for trading and payments. If adopted, it could shift activity toward LayerZero-linked systems and affect how investors view interoperability projects and stablecoin issuers.
Analyst inference
What to watch
- Anchorage Digital is routing stablecoins through LayerZero's OFT standard starting with Tether's USAT, according to the article. Confirmed
- Watch whether other stablecoin issuers adopt LayerZero's OFT standard, which would show the approach is spreading beyond this initial deployment. Analyst inference
- Watch whether cross-chain stablecoin activity grows across the 170-plus chains, which could affect demand for interoperability services and investor positioning. Analyst inference
Affected assets
- USAT — USAT
- USDT — Tether
- OFT — ONFA