PANews reported on February 10th that, according to an official announcement from Tether, Tether Investments has made a strategic investment in LayerZero Labs. LayerZero Labs is a developer of interoperability protocols, and its technology is widely used to support cross-chain value transfers across the global digital asset ecosystem. This investment aims to support LayerZero Labs in developing efficient and secure cross-chain technology.
LayerZero Labs' technology has been used to support cross-chain transfers of assets such as USDt0 and XAUt0. Since its launch, USDt0 has facilitated over $70 billion in cross-chain value transfers in less than 12 months, validating the global-scale interoperability of its technology. Tether CEO Paolo Ardoino stated that LayerZero Labs' technology provides crucial support for real-time cross-chain transfers of digital assets, particularly suitable for micropayment scenarios in the AI agent economy.
