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KelpDAO has sued LayerZero and CEO Bryan Pellegrino over April’s $292M rsETH exploit, alleging security and disclosure failures.
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LayerZero says regulated stablecoins are key to institutional adoption after Anchorage selected its OFT standard for cross-chain issuance.
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Anchorage Digital selected LayerZero for stablecoin interoperability, starting with Tether’s USAT and extending to other bank-issued tokens.
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BDACS has selected LayerZero’s Omnichain Fungible Token standard for its KRW1 stablecoin, giving the won-backed asset a unified cross-chain system as the company seeks to expand its use outside South Korea. LayerZero said BDACS, South Korea’s largest digital asset custodian…