ME News reports that on August 17 (UTC+8), the stablecoin protocol Cap announced on X that it has integrated LayerZero’s cross-chain vault interoperability solution, OVault. Users can now deposit cUSD on chains such as Ethereum, Tempo, MegaETH, and Katana to mint stcUSD without manual cross-chain operations. OVault, developed by LayerZero, enables applications to accept deposits from any chain, redeem shares on any chain, and transfer vault tokens, resolving previous issues where vaults were locked to a single chain and users had to bridge assets and manage multiple gas tokens. (Source: Foresight News)
Cap Integrates LayerZero's OVault for Cross-Chain cUSD Deposits and stcUSD Minting
KuCoinFlashShare
Summary
The stablecoin protocol Cap has launched a protocol update, integrating LayerZero’s OVault to enable cross-chain cUSD deposits and stcUSD minting. Users can now interact on Ethereum, Tempo, MegaETH, and Katana without manual bridging. OVault allows deposits on any chain, share redemption, and vault token transfers, resolving single-chain lock-in issues. This on-chain development marks a key step for Cap in expanding cross-chain utility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.