CandleFocus Defi.money integrates LayerZero as interoperability solution
2024-09-26
Author: Content Editor
The crypto news content discusses the integration of LayerZero, an interoperability solution, into the chain-agnostic stablecoin protocol defi.money. This integration allows defi.money's stablecoin, MONEY, to implement cross-chain token transfers using the OFT Standard. Stablecoins are becoming increasingly important in the web3 ecosystem, and cross-chain transfers are driving activity in various projects. The collaboration between LayerZero and defi.money aims to bring decentralized stablecoins into reality. The stablecoin market is valued at over $173 billion, with Tether and USD Coin being the largest players. Other companies like Ripple, BitGo, and Revolut are also exploring the creation of stablecoins.
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