News with the tag "layer zero"

USDT0 is a bridged version of Tether’s USDt stablecoin, designed to extend USDt’s availability to blockchains where it is not natively issued. It operates on a “lock-and-mint” mechanism, meaning that USDt is locked on Ethereum while an equivalent amount of USDT0 is minted on the destination chain. T...

Ondo is using LayerZero to make its yield-bearing stablecoin fully fungible across multiple blockchain networks.

According to Scopescan, a Safe Multisig wallet managed by LayerZero Labs withdrew 5 million $ZRO (worth $21.3 million) from Binance. This move led to a 6.8% surge in $ZRO’s price yesterday. A Safe Multisig created by @LayerZero_Labs withdrew 5M $ZRO ($21.3M) from #Binance. Price of $ZRO pumped by 6....