According to reports from Anchorage Digital, the company has selected LayerZero as its preferred interoperability partner for bank-issued stablecoins. The September 21 announcement named Tether's USAT as the first token to use LayerZero's OFT standard for cross-chain transfers. Under the arrangement, LayerZero will serve as what the companies describe as the 'preferred interoperability layer' for eligible stablecoins issued by Anchorage Digital Bank. The bank remains responsible for regulated issuance, while LayerZero supplies the messaging and token infrastructure needed to connect supported blockchain deployments. As reported by Anchorage Digital, this partnership enables cross-chain functionality for stablecoins issued through Anchorage Digital Bank, N.A., helping ensure they can reach users wherever they transact across multiple ecosystems. The integration represents a pivotal development for the institutional market, as it addresses liquidity fragmentation by enabling digital assets to move frictionlessly across more than 170 blockchain networks.
As reported by LayerZero, its OFT, or Omnichain Fungible Token, standard lets issuers maintain a unified token supply while extending an asset to multiple blockchains. The company explains that issuers retain control over their token contracts and can decide which chains to support, along with the security configuration used for cross-chain messages. LayerZero's infrastructure currently reaches more than 170 blockchains, making it the industry's most widely adopted interoperability standard for stablecoins. In a separate September update, LayerZero reported that its OFT standard had processed $280 billion in lifetime transfers and handled 87% of cross-chain transfer volume. Access to 170-plus networks does not mean each Anchorage stablecoin will immediately trade on every connected chain, as OFT issuers select individual deployments and configure pathways between supported networks. By adopting LayerZero's OFT standard, institutional stablecoins like Tether's USAT will optimize cross-border payments, treasury management, and decentralized lending across leading ecosystems such as Ethereum, EVM-compatible networks, and Solana.
According to reports from Anchorage Digital, Tether's USAT is the first stablecoin in Anchorage Digital Bank's issuance portfolio confirmed to launch with LayerZero interoperability. Tether introduced the U.S.-regulated dollar token in January, with Anchorage Digital Bank serving as issuer under the federal stablecoin framework. Tether itself is not the legal issuer of USAT. As previously reported, Tether's U.S.-regulated USAT launch through Anchorage Digital created a separate domestic product from the company's global USDT stablecoin. USAT began on Ethereum before expanding to Celo, where it became available as a native asset during the summer. Anchorage Digital Bank publishes monthly reserve attestations for USAT, with its first January report recording 17.5 million redeemable tokens outstanding and $17.6 million of supporting reserve assets. The Anchorage-LayerZero announcement does not state which blockchain will receive the first new USAT deployment through OFT, though assets covered by the partnership are intended to support ecosystems including Ethereum, EVM-compatible networks and Solana.
According to the Anchorage Digital announcement, USDPT, USDGO and fUSD are among Anchorage-issued stablecoins expected to gain LayerZero interoperability over time. Western Union's USDPT sits among the other stablecoins named, launched on Solana in May as a U.S. dollar-backed payment token issued by Anchorage Digital Bank. OSL Group's USDGO launched on Solana with an initial $50 million mint in February, with circulation passing $500 million in June and subsequently exceeding $1 billion in market capitalization after roughly six months. Falcon Finance's fUSD completes the group, launched in May with current contracts on Ethereum and BNB Chain, featuring a reserve model including cash, short-dated U.S. Treasuries and qualifying money-market exposure. Stablecoins issued through this partnership will be designed to move seamlessly across leading blockchain ecosystems, including Ethereum, EVM-compatible networks, and Solana, unlocking broader access and utility for institutional users. The platform will progressively extend this multichain compatibility to other assets backed by the institution, solidifying regulatory and operational bridges that allow global banks to transact assets with complete legal and technical certainty. However, LayerZero has not confirmed that USDPT, USDGO or fUSD are already operating through OFT under the Anchorage partnership, with no exact activation dates, destination-chain lists or new contract addresses for those three assets included in the September 21 announcement.
According to Anchorage Digital, the bank remains supervised by the Office of the Comptroller of the Currency (OCC), which granted its national trust bank charter in 2021 after approving its conversion from a South Dakota trust company. The OCC issued a BSA/AML consent order against the bank in April 2022 after finding deficiencies in its compliance program, but later terminated that order on August 18, 2025, stating continued enforcement was no longer required. Federal records show the OCC subsequently terminated Anchorage's original 2021 operating agreement in February 2026, with the bank continuing to operate as Anchorage Digital Bank, National Association. Anchorage Digital Bank also offers fiat custody services through an FDIC-insured, licensed sub-custodian, providing regulatory clarity and compliance alongside seamless cross-chain interoperability for institutional users. The partnership covers Anchorage Digital Bank's stablecoin issuance platform, which currently supports products from Tether, Western Union, OSL Group and Falcon Finance, with the bank's stablecoins designed to be redeemed 1:1 for U.S. dollars through its platform with monthly reserve reports.
