LZUSDC is a USD-pegged stablecoin on Etherlink, bridged via LayerZero for cross-chain DeFi and low-cost transactions. More
| Fully Diluted Valuation | $20.29M |
|---|---|
| 24H Trading Volume | $1.38M |
| 24H Low / High | $0.99 / $ 1.00 |
| Circulating Supply | 20.30M |
| Total Supply | 20.30M |
| Max Supply | ∞ |
| Categories | Bridged USDC 3 more |
|---|---|
| Founder | Anonymous |
| Website | layerzero.network Whitepaper |
| Socials | |
| Chains | Etherlink Ecosystem |
| Explorer | Etherlink |
| Contracts |
0x796....f00f9
|
| Name | Pair | OG Score |
|---|
LayerZero Bridged USDC ($LZUSDC) is a decentralized stablecoin on the Etherlink blockchain, a Layer-2 scaling solution built on Tezos that combines Ethereum Virtual Machine (EVM) compatibility with fast, low-cost transactions. Pegged 1:1 to the U.S. dollar, $LZUSDC is bridged from Ethereum’s native USDC using LayerZero’s omnichain interoperability protocol, which enables secure, trustless asset transfers across blockchains without wrapping or intermediary chains. Issued in collaboration with Circle, $LZUSDC leverages LayerZero’s Omnichain Fungible Token (OFT) standard, allowing seamless movement between Etherlink and other supported networks like Fantom and Arbitrum, maintaining its native form for simplified DeFi integration.
On Etherlink, $LZUSDC serves as a stable asset for decentralized finance (DeFi) applications, including trading, lending, and liquidity provision on platforms like IguanaDEX, where it pairs with assets like WXTZ. The token’s design supports Etherlink’s high-throughput environment, with transaction costs often below a cent, making it ideal for microtransactions and scalable dApps. Users can deposit USDC on Ethereum to mint $LZUSDC on Etherlink, with the reverse process unlocking the original asset, ensuring full collateralization backed by Circle’s audited reserves.
Security is enhanced through LayerZero’s Ultra Light Node (ULN) architecture, using decentralized oracles and relayers to verify cross-chain messages, minimizing vulnerabilities. $LZUSDC’s contract address (0x796ea11Fa2dD669b5070b3464d3f32E138bAa06B) enables easy wallet integration, such as MetaMask, for interacting with Etherlink’s ecosystem. The token fosters financial inclusion by offering a stable medium for payments and remittances, particularly in regions with high crypto adoption. Future plans include expanding $LZUSDC’s reach across additional LayerZero-supported chains, enhancing its utility in cross-chain DeFi and real-world applications, while Etherlink’s focus on user experience drives broader adoption.
$LZUSDC uniquely combines USDC’s USD stability with LayerZero’s omnichain bridging, enabling seamless cross-chain transfers on Etherlink’s low-cost, EVM-compatible Layer-2, ideal for scalable DeFi and payments without asset wrapping.
The founders of LayerZero Bridged USDC (Etherlink) are anonymous, with $LZUSDC issued by Circle in partnership with LayerZero and bridged to Etherlink by the Etherlink team, with no specific individuals named.
The backers of LayerZero Bridged USDC (Etherlink) are not explicitly disclosed, though Circle and LayerZero are supported by firms like Goldman Sachs and Andreessen Horowitz, with Etherlink backed by the Tezos ecosystem.
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