Anchorage Digital taps LayerZero for stablecoin rails

Anchorage Digital has chosen LayerZero as its most well-liked interoperability companion for bank-issued stablecoins, with the Sept. 21 announcement naming Tether’s $USAT as the primary token to make use of LayerZero’s OFT commonplace.

LayerZero stated stablecoins issued by means of Anchorage Digital Financial institution, N.A. will use its cross-chain infrastructure as the businesses develop connections spanning Ethereum, EVM-compatible networks and Solana. The partnership covers Anchorage’s issuance platform, which at the moment helps tokens linked to Tether, Western Union, OSL Group and Falcon Finance.

This implies US-regulated stablecoins issued by means of Anchorage Digital’s platform, together with Tether’s $USAT, Western Union’s USDPT, and OSL Group’s $USDGO, can now be linked to 170+ chains, powered by LayerZero’s OFT commonplace. pic.twitter.com/asFdZKy1EG

— LayerZero (@LayerZero_Core) September 21, 2026

Anchorage Digital makes LayerZero its stablecoin rail

Below the association, LayerZero will function what the businesses describe because the “most well-liked interoperability layer” for eligible stablecoins issued by Anchorage Digital Financial institution. The financial institution stays liable for regulated issuance, whereas LayerZero provides the messaging and token infrastructure wanted to attach supported blockchain deployments.

LayerZero’s OFT, or Omnichain Fungible Token, commonplace lets issuers keep a unified token provide whereas extending an asset to a number of blockchains. LayerZero explains that issuers retain management over their token contracts and may resolve which chains to help, together with the safety configuration used for cross-chain messages.

The corporate says its infrastructure at the moment reaches greater than 170 blockchains. In a separate September replace, LayerZero reported that its OFT commonplace had processed $280 billion in lifetime transfers and dealt with 87% of cross-chain switch quantity. Each figures are LayerZero’s personal community statistics.

Entry to 170-plus networks doesn’t imply every Anchorage stablecoin will instantly commerce on each linked chain. OFT issuers choose particular person deployments and configure pathways between supported networks. LayerZero’s announcement says future Anchorage-issued property “might be designed to maneuver seamlessly” throughout main ecosystems however doesn’t present a deployment schedule for every token.

$USAT turns into the primary Anchorage-issued OFT token

Tether’s $USAT is the primary stablecoin in Anchorage Digital Financial institution’s issuance portfolio confirmed to launch with LayerZero interoperability. Tether launched the U.S.-regulated greenback token in January, with Anchorage Digital Financial institution serving as issuer below the federal stablecoin framework. Tether itself is just not the authorized issuer of $USAT.

As beforehand reported, Tether’s U.S.-regulated $USAT launch by means of Anchorage Digital created a separate home product from the corporate’s international $USDT stablecoin. $USAT started on Ethereum earlier than increasing to Celo, the place it turned out there as a local asset in the course of the summer season.

Anchorage Digital Financial institution publishes month-to-month reserve attestations for $USAT. Its first January report recorded 17.5 million redeemable tokens excellent and $17.6 million of supporting reserve property. The report recognized Ethereum contract 0x07041776f5007aca2a54844f50503a18a72a8b68 as the unique $USAT contract.

LayerZero has an current relationship with Tether infrastructure exterior $USAT. Tether introduced an funding in LayerZero Labs in February, whereas LayerZero’s OFT system already powers USDT0, the omnichain model of $USDT. In associated protection, USDT0’s LayerZero-based cross-chain structure makes use of a unified provide mannequin as a substitute of separate bridge liquidity swimming pools.

USDPT, $USDGO and fUSD stay a part of the rollout

Western Union’s USDPT sits among the many different stablecoins named within the Anchorage-LayerZero announcement. Western Union launched USDPT on Solana in Could as a U.S. dollar-backed fee token issued by Anchorage Digital Financial institution. The fee firm designed it for settlement inside its international community.

As crypto.information reported, Western Union’s USDPT launch on Solana was adopted by a Bybit integration in June and a USDPT-backed Stablecard product in August. Anchorage at the moment publishes month-to-month USDPT reserve attestations overlaying Could by means of July.

OSL Group’s $USDGO is one other Anchorage-issued stablecoin included within the partnership. $USDGO launched on Solana with an preliminary $50 million mint in February. OSL reported that circulation handed $500 million in June, whereas a more moderen Anchorage replace says the token has since exceeded $1 billion in market capitalization after roughly six months.

Earlier crypto.information protection documented $USDGO passing $500 million in circulating provide, with Anchorage appearing as issuer and OSL dealing with branding and distribution. Anchorage says reserves are backed 1:1 by high-quality liquid property and coated by month-to-month unbiased attestations.

Falcon Finance’s fUSD completes the group named in LayerZero’s announcement. Falcon states that fUSD is issued by Anchorage Digital Financial institution for institutional treasury, settlement and collateral makes use of, with present contracts on Ethereum and BNB Chain. Its reserve mannequin consists of money, short-dated U.S. Treasuries and qualifying money-market publicity.

The Falcon Finance fUSD launch with Anchorage Digital Financial institution happened in Could. Falcon operates a separate rewards program for eligible establishments, whereas Anchorage handles issuance and reserve administration.

LayerZero has not introduced precise activation dates for USDPT, $USDGO or fUSD OFT routes below the Anchorage settlement.

Anchorage operates below federal financial institution supervision

Anchorage Digital Financial institution obtained its nationwide belief financial institution constitution after the Workplace of the Comptroller of the Forex authorized its conversion from a South Dakota belief firm in January 2021. The constitution positioned the financial institution below OCC supervision and got here with capital, liquidity and compliance necessities.

The OCC issued a BSA/AML consent order towards the financial institution in April 2022 after discovering deficiencies in its compliance program. The regulator later terminated that order on Aug. 18, 2025, stating continued enforcement was now not required.

Federal information present the OCC subsequently terminated Anchorage’s unique 2021 working settlement in February 2026. The financial institution continues to function as Anchorage Digital Financial institution, Nationwide Affiliation, and seems on the OCC’s record of nationally chartered belief banks.

LayerZero’s institutional stablecoin work extends past Anchorage. Earlier this month, BDACS selected its OFT system for KRW1, and crypto.information reported on the KRW1 stablecoin’s LayerZero cross-chain enlargement throughout networks together with Ethereum, Avalanche and Circle’s Arc.

For Anchorage-issued stablecoins, LayerZero has confirmed $USAT as the primary asset utilizing the brand new interoperability association. The businesses haven’t revealed particular person launch dates, destination-chain lists or contract addresses for deliberate OFT deployments involving USDPT, $USDGO and fUSD.