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Tether Investments Backs LayerZero Labs as USDt0 Surpasses $70B in Cross-Chain Transfers

Tether Investments has taken a strategic stake in LayerZero Labs to reinforce cross-chain digital asset transfers and support real-world payment, settlement, and custody use cases, according to the announcement. LayerZero's bridging framework, combined with Tether's Wallet Development Kit, enables AI wallets to conduct autonomous large-scale transactions in stablecoins and other digital assets across multiple blockchains. Over the past year, LayerZero's infrastructure supported Everdawn Labs in launching USDt0 and XAUt0, with USDt0 processing over $70 billion in cross-chain value transfers in twelve months, underpinned by the Omnichain Fungible Token standard. Tether CEO Paolo Ardoino said LayerZero Labs has built interoperability technology for real-time transfers across any transport layer and distributed ledger, while LayerZero CEO Bryan Pellegrino called the success of USDt0 a key stepping stone and said Tether's investment deepens their collaboration to reduce fragmentation and improve liquidity efficiency for stablecoins across blockchain networks.
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