🪙 TON integrates LayerZero to better interact with other blockchains

⚫️ Yesterday, TON Society published a blog post emphasizing the importance of blockchain interoperability. Today, a press release announced TON’s latest step in this direction: integration with the LayerZero protocol. But what is LayerZero?

⚫️ The core idea behind LayerZero is: “We enable different blockchains to interact by exchanging data and assets. It creates multiple opportunities. Developers can make web3 applications accessible to users of multiple blockchains. Liquidity can be unified across all chains rather than fragmented. Omnichain tokens can be universally available.”

⚫️ One of the projects coming to TON through LayerZero is the USDT0, designed to facilitate seamless USDT transfers between blockchains. Additionally, TON is set to support USDe, a stablecoin from the Ethena project. Unlike USDT, USDe is backed by cryptocurrency rather than funds in traditional banks.

⚫️ The arrival of Stargate, a transport omnichain protocol for transferring funds between different blockchains, has also been announced.

⚫️ Currently, TON is set to interact with 12 other blockchains, including Ethereum, Solana, and TRON, with the potential for further expansion.

👁 This news is promising for TON, though the scale of its impact remains uncertain for now. We’ll keep an eye on developments and share any significant updates.

@thedailyton