TON Blockchain Integrates LayerZero for Cross-Chain Transfers, Targeting Telegram's Billion Users

The TON blockchain announced today its integration with LayerZero, an interoperability protocol, enabling users to transfer funds across multiple ecosystems. This collaboration aims to boost usage and generate fees for both platforms. TON will initially connect to 12 blockchains, including Ethereum, Tron, and Solana, with stablecoin transfers facilitated via Stargate, which handled $1.6 billion in volume last month. LayerZero's multichain liquidity will reduce slippage and transaction failures by pooling funds from different blockchains. Tether and Ethena will also leverage this integration, with Ethena's $5 billion USDe asset launching on TON. Tether's USDT0 stablecoin will become transferable between TON, Tron, Ethereum, Celo, and Arbitrum. Bryan Pellegrino, CEO of LayerZero, highlighted TON's potential, citing its partnership with Telegram and access to nearly a billion users.