The First U.S. State Stablecoin Isn’t This Week’s Biggest Story in Interop
Last Week In The Multi-Chain Ecosystem (18 - 24 August '25)
Welcome to the interop/acc newsletter — a weekly curation of the major updates and announcements from the industry’s leading interop protocols and ecosystems.
Interop Protocols
1) Stargate DAO approves LayerZero’s proposal to acquire Stargate (STG), following an unsuccessful late $120M USDC bid from Wormhole.
2) State of Wyoming launches Frontier Stable Token (FRNT), the first stablecoin issued by a U.S. public entity — as a LayerZero OFT.
3) Across is live on Solana.
4) Chainflip introduces native $BTC lending.
5) Circle Gateway, a new resource-lock primitive enabling a unified USDC balance across chains, is now on mainnet.
6) MetaMask launches mUSD stablecoin, built on M0’s platform with interop powered by Hyperlane.
Interesting Resources
2) Building Economic Trust in Solver-Based Networks: Reclaiming Efficient Markets
4) Solver margins are getting tight. Quote rewards on CowSwap got slashed by 95%.
5) Dual Flow Batch Auctions (DFBA)
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