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Ondo Finance Integrates with LayerZero

Twitter icon  •  Published 2 घंटे पहले  •  Hassan Maishera

On Tuesday, the LayerZero team announced via X that LayerZero has integrated with Ondo Finance to enable the transfer of its tokenized US Treasuries products, starting with USDY across Ethereum, Arbitrum, and Mantle.

On Tuesday, the LayerZero team announced via X that LayerZero has integrated with Ondo Finance to enable the transfer of its tokenized US Treasuries products, starting with USDY across Ethereum, Arbitrum, and Mantle. 

LayerZero equips Ondo with institutional-grade security for each RWA transfer, which includes a diverse set of decentralized verifier networks (DVNs). With $600+ million in TVL, Ondo's suite of RWAs is the largest in crypto, offering holders yield backed by US Treasuries.

With this integration, USDY holders can seamlessly move between chains using Ondo's native bridge (powered by LayerZero) and Stargate Finance. 

LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $4.406, UP 2% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.