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LayerZero applies OFT to BDACS won stablecoin KRW1 to support multichain use

LayerZero, a global blockchain interoperability infrastructure company, said on Sept. 8 it will support its Omnichain Fungible Token (OFT) technology for KRW1, a won-pegged stablecoin issued by digital asset infrastructure firm BDACS. LayerZero said the OFT 적용 will allow KRW1 to move and be used as the same asset across multiple networks rather than being limited to a specific blockchain. It also outlined plans to expand into financial market infrastructure.

Crypto

Wyoming to tighten reserve verification for FRNT stable token with Chainlink integration

The U.S. state of Wyoming will adopt Chainlink’s reserve verification system for its government-issued stable token, Frontier Stable Token, known as FRNT. The Wyoming Stable Token Commission plans to publish on-chain data on FRNT reserves and token supply using Chainlink’s proof-of-reserves function. The state aims to narrow disclosure intervals by combining Chainlink infrastructure with independent checks by The Network Firm. It is also reviewing Chainlink’s Secure Mint feature to limit issuance when reserves are insufficient.

Crypto

Tether enters Stellar network, expands payments and RWA ecosystem with USDT

Tether’s stablecoin USDT has begun service on the Stellar network. Stellar users can access $180 billion in USDT liquidity through USDT0. The integration uses LayerZero’s OFT interoperability standard and aligns with Stellar’s focus on digital asset transfers and cross-border payments. Stellar has been expanding stablecoins, tokenised real-world assets and institutional infrastructure, including MoneyGram’s MGUSD launch in June.