Anchorage Digital Selects LayerZero for Cross-Chain Stablecoins
Anchorage Digital, home to America’s first federally regulated crypto bank, has selected LayerZero as its interoperability partner for stablecoin issuance, the company said on September 21. The arrangement routes stablecoins issued through Anchorage Digital Bank, N.A. across LayerZero’s Omnichain Fungible Token (OFT) standard, giving institutional issuers a single path to move dollar tokens between the growing number of blockchains where banks and institutions operate. The bank’s issuance platform already supports tokens tied to Tether, Western Union, OSL Group and Falcon Finance.