TON and LayerZero have formed a partnership aimed at simplifying transactions across different blockchains. The user experience is expected to improve by reducing risks and enhancing stability.
Ease of Transactions Between Blockchains
In its initial phase, TON will integrate with 12 blockchains including Ethereum, Tron, and Solana. Users will be able to transfer stablecoins through Stargate, the largest digital bridge, which facilitated billions of dollars in transactions last month. LayerZero’s multi-chain liquidity aims to reduce price slippage and the risk of failure by consolidating locked funds across different blockchains.
Benefits Offered to Developers
Crypto asset companies like Tether and Ethena will benefit from this integration. Ethena’s asset USDe will become active on TON, while Tether’s new stablecoin, USDT0, will enable transactions across TON, Tron, Ethereum, Celo, and Arbitrum. Developers will be able to distribute tokens across LayerZero’s networks via a single contract.
Expert Commentary
“TON is one of the most exciting ecosystems today. The exclusive partnership with Telegram has provided access to nearly a billion users,” said Bryan Pellegrino, LayerZero CEO.
This partnership targets the resolution of liquidity problems and simplifies cross-blockchain transactions. The collaboration might also impact the competitive market environment.
