LayerZero Brings Loon's CADC Stablecoin to OFT Standard for Cross-Chain Transfers
- —CADC adopts OFT for unified supply without wrapped tokens or bridges
- —Five verifiers: LayerZero Labs, Fidelity, Deutsche Telekom MMS, Canary, Google Cloud
- —CADC holds about 60% of CAD stablecoin supply, over $500M in volume
- —Non-USD stablecoins grew 158% year over year but remain under 0.6% of the market
Why it matters: The OFT standard reduces custody risk from traditional bridges and liquidity fragmentation, broadening cross-chain infrastructure for local-currency stablecoins.
Source: Crypto Economy