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BitGo Partners with LayerZero to Launch $9 Billion WBTC on BNB Chain and Avalanche Using OFT Standard

Sep 10, 2024, 04:26 PM

BitGo has selected LayerZero as the official interoperability provider for Wrapped Bitcoin (WBTC), a $9 billion asset and one of the most widely used tokens in the crypto market. This collaboration will facilitate the launch of native WBTC on BNB Chain and Avalanche, making WBTC an omnichain asset. Users will be able to bridge WBTC between BNB Chain and Avalanche via Stargate Finance, with contracts owned by BitGo and facilitated by LayerZero. Additionally, LayerZero will support the expansion of WBTC to over 80 blockchains using the OFT Standard.