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news-imageNovember 26, 2024

Ondo taps LayerZero to take USDY multichain

Ondo is using LayerZero to make its yield-bearing stablecoin fully fungible across multiple blockchain networks.
Publisher: Cointelegraph
Sentiment: Positive
ZRO

More News Articles

Positive
cover-imageBlockworks
April 21, 2025

Inside a16z Crypto's $55M ZRO purchase

“I think the industry a year ago was messy, was very competitive,” LayerZero CEO Bryan Pellegrino told me. But it's been “cleared up” thanks to the friendlier environment and overall adoption.

Positive
cover-imageTokenpost
April 18, 2025

LayerZero's ZRO Token Jumps After a16z Boosts $55M Investment

LayerZeros native token, ZRO, rallied on Thursday after leading venture capital firm Andreessen Horowitz (a16z) expanded its investment in the blockchain interoperability protocol. The a16z crypto arm purchased an additional $55 million worth of ZRO tokens with a 3-year lock-up period, according to general partner Ali Yahya.

Positive
cover-imageCointelegraph
April 17, 2025

A16z doubles down on LayerZero with $55M investment

Venture capital firm Andreessen Horowitz, or a16z, announced a $55 million investment in LayerZero, a Web3 company that runs a crosschain messaging protocol. The investment was disclosed in an April 17 X post by Ali Yahya, a general partner in the firm.A16z has made previous investments in LayerZero, including an initial investment in March 2022 and a subsequent investment during LayerZero's Series B funding round in April 2023.

Neutral
cover-imageTokenpost
February 1, 2025

LayerZero Settles Legal Dispute with FTX Bankruptcy Estate

LayerZero Labs has reached a settlement with the FTX bankruptcy estate, ending a two-year legal battle over transactions involving Alameda Research. The dispute stemmed from a deal where Alameda, under former CEO Caroline Ellison, agreed to sell a 5% equity stake in LayerZero back to the company.

Positive
cover-imageCrypto news
November 26, 2024

Ondo integrates LayerZero for multi-chain USDY support

Ondo Finance, a tokenized real-world asset platform, has integrated LayerZero's interoperability protocol for multi-chain transfers of its tokenized assets. According to an announcement, Ondo (ONDO) will tap into LayerZero (ZRO)'s technology to expand the reach of its U.S.

Positive
cover-imageCrypto Economy
November 13, 2024

PayPal's PYUSD Enables Cross-Chain Transfers Between Ethereum and Solana with LayerZero Integration

TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to enhance transaction efficiency, reduce liquidity fragmentation, and provide users with faster, more secure, and cost-effective options.

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