In an exciting development for the Fantom network, the introduction of four prominent tokens, $USDC, $USDT, $WETH, and $WBTC, built on top of LayerZero, has been announced.
The Fantom network has gained recognition for hosting numerous high-profile projects, and with the addition of these new tokens, over 50% of the Total Value Locked (TVL) on Fantom will be represented by projects utilizing them. This significant achievement reflects the confidence and trust the community has placed in the network.
These new assets play a crucial role in the continued growth of the Fantom ecosystem, especially in light of the network’s upcoming milestones, Carmen and Tosca. By leveraging the power of LayerZero, these assets ensure stability and longevity for projects using them for liquidity, collateral, stores of value, and more.
It is worth noting that LayerZero-powered assets have already established themselves as canonical assets in several other ecosystems. This widespread adoption speaks to their reliability and utility. With their integration into the Fantom network, these assets bring a new level of confidence and opportunity for users and developers alike.
Initially, the newly introduced assets will be seamlessly bridgeable between Fantom and Ethereum through the stargate.finance platform. This interoperability enables users to enjoy the benefits of both networks, tapping into the strengths and advantages of each.
