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Avalon Labs has partnered with LayerZero to enable seamless movement of its Bitcoin-backed stablecoin, USDa, across 14 blockchain networks. This collaboration enhances DeFi accessibility while leveraging LayerZero’s omnichain technology. Major backers like a16z and strategic alliances with Libre and Wyoming further solidify LayerZero’s dominance in cross-chain interoperability.
- Avalon Labs integrates LayerZero to enable cross-chain transfers of USDa, sUSDa, and AVL tokens across 14 networks with minimal gas fees.
- LayerZero secures $55M investment from a16z with a 3-year lock-up, alongside partnerships with Libre (RWA tokens) and Wyoming (state-backed stablecoin).
- Despite recent ZRO token price decline, LayerZero resolves FTX legal dispute, clearing path for uninterrupted ecosystem growth.
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Other Tags: a16z, Blockchain, DeFi, FTX Estate, LayerZero