PANews reported on February 10th that, according to an official announcement from Tether, Tether Investments has made a strategic investment in LayerZero Labs. LayerZero Labs is a developer of interoperability protocols, and its technology is widely used to support cross-chain value transfers across the global digital asset ecosystem. This investment aims to support LayerZero Labs in developing efficient and secure cross-chain technology.
LayerZero Labs' technology has been used to support cross-chain transfers of assets such as USDt0 and XAUt0. Since its launch, USDt0 has facilitated over $70 billion in cross-chain value transfers in less than 12 months, validating the global-scale interoperability of its technology. Tether CEO Paolo Ardoino stated that LayerZero Labs' technology provides crucial support for real-time cross-chain transfers of digital assets, particularly suitable for micropayment scenarios in the AI agent economy.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

