A LinkedIn post from Loon indicates that the company has selected LayerZero Labs’ OFT standard to support interoperability for its CADC Canadian dollar stablecoin. The post highlights that LayerZero is used by major digital asset players such as PayPal, Paxos, Ondo, Anchorage Digital and others, underscoring Loon’s alignment with established infrastructure providers.
According to the post, Loon participated in LayerZero design sessions before integration to align the setup with security, regulatory and growth requirements. The resulting architecture reportedly includes a five‑verifier security configuration involving LayerZero Labs, Fidelity’s Center for Applied Technologies, Deutsche Telekom MMS, Canary and Google Cloud, suggesting a focus on multi‑party risk mitigation.
The post further suggests that CADC will operate with a unified supply across connected networks while retaining full contract control with the issuer at all times. This design may enhance operational flexibility and regulatory responsiveness, which could be relevant for institutional partners evaluating counterparty and smart‑contract risk in cross‑chain stablecoin usage.
As shared in the post, CADC now joins LayerZero’s ecosystem of local‑currency stablecoins, including instruments linked to the Mexican peso, British pound, Brazilian real and Korean won. The post cites a 158% year‑over‑year growth rate for local‑currency stablecoins, implying that CADC’s positioning in this segment could open incremental adoption opportunities and support Loon’s long‑term transaction‑volume and fee‑revenue prospects.
For investors, the collaboration with LayerZero and prominent verification partners may signal Loon’s intention to compete in regulated, institution‑friendly stablecoin markets rather than purely retail crypto niches. If CADC gains traction as a Canadian‑dollar settlement and liquidity tool across multiple chains, Loon could strengthen its role in cross‑border payments and digital‑asset infrastructure, potentially improving its strategic value within the broader fintech and blockchain ecosystem.