Layer Zero's Achievements 🚀Acquisition of Stargate in September of last year Layer Zero acquired Stargate for $110 million. This acquisition wasn't just a simple acquisition; it also included a governance vote that included a fee switch. The Layer Zero fee switch governance vote failed to reach a quorum and is scheduled for a re-vote in June of this year. However, a Layer Zero buyback is currently underway using Stargate's proceeds. Until March 2026: 50% of Stargate's profits will be used for ZRO buybacks. After March 2026: 100% of Stargate's profits will be converted to ZRO buybacks. 🌸 PayPal's chosen remittance infrastructure Layer Zero isn't just used by coin traders; PayPal has adopted it as the remittance infrastructure for PayPal's stablecoin, PYUSD. This demonstrates that a global corporation has verified its security and stability. ☀️Used by the US Government The US state of Wyoming has also issued a stablecoin (FRNT), which is also being used here. LayerZero uses infrastructure. 3-line summary. Stargate acquired and is currently using the proceeds to buy back ZRO. PayPal, US state governments, and others have adopted it as infrastructure. We are entering the stage of not only developing technology but also generating revenue and creating real-world applications. This content was created in collaboration with LayerZero.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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