Tether Introduces USDT0 — USDT Anywhere!
Last Week In The Multi-Chain Ecosystem (13 - 19 Jan '25)
Welcome to LI.FI’s Cross Chain Insider newsletter, a weekly curation of the major updates and announcements from the industry’s leading interop protocols and ecosystems.
Interop Protocols
1) Tether introduces USDT0, extending USDT's reach with the OFT Standard.
2) Abstract integrates Stargate Hydra to deliver seamless cross-chain asset transfers.
3) LI.FI integrates Relay — live on Jumper.
4) Gas is now powering the the 'top-up' feature for LI.FI — live on Jumper.
5) Swidge is now live on Infinex.
6) Orbiter Finance introduces $OBT token.
7) Chainlink CCIP v1.5 upgrade is now live on mainnet.
8) LayerZero introduces Quick Merkle Database (QMDB), a high-performance verifiable database optimized for blockchains.
Ecosystem Updates
1) Polygon Labs partners with Reliance Jio, India's largest telecom company.
2) Uniswap v3 is now live on Sonic using Wormhole as its governance messaging.
3) Vitalik: The Ethereum Foundation is undergoing leadership structural changes.
4) Phantom raises a $150M Series C at a $3B valuation, co-led by Sequoia and Paradigm.
Intents & Chain Abstraction
1) ZeroDev has created a new AA infra using ERC-7683.
2) Arcana partners with Scroll to introduce Chain Abstraction for apps on Scroll.
3) Read: “The more I dig into EIP-7702, the more issues I find”
4) Read: Interop/acc aka “Chain Abstraction” Map 2025
Interesting Reads
1) Pod: Why You Should Care About Cosmos In 2025 ft. Barry (Interchain Inc).
2) Spaces: Bridge Yapping
5) Prove Anything. Cross-Chain
6) How Espresso Network is an interoperability "superchain" for all Ethereum L2s
7) Recap of first "L2 Interop Working Group" call
8) The Expanding AltVM Landscape
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