Anchorage Digital has selected LayerZero as its preferred interoperability partner for bank-issued stablecoins, with the Sept. 21 announcement naming Tether’s $USAT as the first token to use LayerZero’s OFT standard.
LayerZero said stablecoins issued through Anchorage Digital Bank, N.A. will use its cross-chain infrastructure as the companies develop connections spanning Ethereum, EVM-compatible networks and Solana. The partnership covers Anchorage’s issuance platform, which currently supports tokens linked to Tether, Western Union, OSL Group and Falcon Finance.
This means US-regulated stablecoins issued through Anchorage Digital’s platform, including Tether’s $USAT, Western Union’s USDPT, and OSL Group’s $USDGO, can now be connected to 170+ chains, powered by LayerZero’s OFT standard. pic.twitter.com/asFdZKy1EG
— LayerZero (@LayerZero_Core) September 21, 2026
Anchorage Digital makes LayerZero its stablecoin rail
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.
LayerZero’s OFT, or Omnichain Fungible Token, standard lets issuers maintain a unified token supply while extending an asset to multiple blockchains. LayerZero 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.
The company says its infrastructure currently reaches more than 170 blockchains. 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. Both figures are LayerZero’s own network statistics.
Access to 170-plus networks does not mean each Anchorage stablecoin will immediately trade on every connected chain. OFT issuers select individual deployments and configure pathways between supported networks. LayerZero’s announcement says future Anchorage-issued assets “will be designed to move seamlessly” across leading ecosystems but does not provide a deployment schedule for each token.
$USAT becomes the first Anchorage-issued OFT token
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. Its first January report recorded 17.5 million redeemable tokens outstanding and $17.6 million of supporting reserve assets. The report identified Ethereum contract 0x07041776f5007aca2a54844f50503a18a72a8b68 as the original $USAT contract.
LayerZero has an existing relationship with Tether infrastructure outside $USAT. Tether announced an investment in LayerZero Labs in February, while LayerZero’s OFT system already powers USDT0, the omnichain version of $USDT. In related coverage, USDT0’s LayerZero-based cross-chain architecture uses a unified supply model instead of separate bridge liquidity pools.
USDPT, $USDGO and fUSD remain part of the rollout
Western Union’s USDPT sits among the other stablecoins named in the Anchorage-LayerZero announcement. Western Union launched USDPT on Solana in May as a U.S. dollar-backed payment token issued by Anchorage Digital Bank. The payment company designed it for settlement within its global network.
As crypto.news reported, Western Union’s USDPT launch on Solana was followed by a Bybit integration in June and a USDPT-backed Stablecard product in August. Anchorage currently publishes monthly USDPT reserve attestations covering May through July.
OSL Group’s $USDGO is another Anchorage-issued stablecoin included in the partnership. $USDGO launched on Solana with an initial $50 million mint in February. OSL reported that circulation passed $500 million in June, while a more recent Anchorage update says the token has since exceeded $1 billion in market capitalization after roughly six months.
Earlier crypto.news coverage documented $USDGO passing $500 million in circulating supply, with Anchorage acting as issuer and OSL handling branding and distribution. Anchorage says reserves are backed 1:1 by high-quality liquid assets and covered by monthly independent attestations.
Falcon Finance’s fUSD completes the group named in LayerZero’s announcement. Falcon states that fUSD is issued by Anchorage Digital Bank for institutional treasury, settlement and collateral uses, with current contracts on Ethereum and BNB Chain. Its reserve model includes cash, short-dated U.S. Treasuries and qualifying money-market exposure.
The Falcon Finance fUSD launch with Anchorage Digital Bank took place in May. Falcon operates a separate rewards program for eligible institutions, while Anchorage handles issuance and reserve management.
LayerZero has not announced exact activation dates for USDPT, $USDGO or fUSD OFT routes under the Anchorage agreement.
Anchorage operates under federal bank supervision
Anchorage Digital Bank received its national trust bank charter after the Office of the Comptroller of the Currency approved its conversion from a South Dakota trust company in January 2021. The charter placed the bank under OCC supervision and came with capital, liquidity and compliance requirements.
The OCC issued a BSA/AML consent order against the bank in April 2022 after finding deficiencies in its compliance program. The regulator later terminated that order on Aug. 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. The bank continues to operate as Anchorage Digital Bank, National Association, and appears on the OCC’s list of nationally chartered trust banks.
LayerZero’s institutional stablecoin work extends beyond Anchorage. Earlier this month, BDACS chose its OFT system for KRW1, and crypto.news reported on the KRW1 stablecoin’s LayerZero cross-chain expansion across networks including Ethereum, Avalanche and Circle’s Arc.
For Anchorage-issued stablecoins, LayerZero has confirmed $USAT as the first asset using the new interoperability arrangement. The companies have not published individual launch dates, destination-chain lists or contract addresses for planned OFT deployments involving USDPT, $USDGO and fUSD.
