LayerZero backs regulated stablecoins for bank adoption
LayerZero backs regulated stablecoins for bank adoption
LayerZero says regulated stablecoins are essential for banks, payment firms and corporate treasury adoption globally.Anchorage Digital selected LayerZero as its preferred interoperability layer for federally issued stablecoins this week.Tether’s USAT is the first Anchorage-issued stablecoin confirmed to use LayerZero’s OFT interoperability standard globally.LayerZero says its OFT standard has processed $280 billion across more than 170 blockchains worldwide.Federal law requires permitted stablecoin issuers to maintain reserves and follow strict anti-money-laundering compliance standards.