Paxos Labs and LayerZero Introduce Infrastructure for USDG0 Stablecoin
Launch of USDG0: Paxos Labs, in collaboration with LayerZero, has introduced USDG0, a fully backed stablecoin designed to enhance liquidity and compliance across the Hyperliquid, Plume, and Aptos ecosystems.
Omnichain Functionality: Built on LayerZero’s Omnichain Fungible Token standard, USDG0 allows for seamless cross-chain transactions, supporting decentralized finance (DeFi) applications with yield-aligned trading and lending.
Institutional Stability: USDG0 aims to integrate regulated, fully-backed stablecoins into DeFi infrastructure, providing institutional-grade stability and fostering secure, interoperable environments for users and developers.
Aptos Acquisition: In a related development, Aptos Labs has acquired HashPalette Inc. to strengthen its presence in Japan's blockchain ecosystem, enhancing its offerings for users and partners.
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