LayerZero announces that the cross-chain BTC asset FBTC now utilizes LayerZero for interoperability. With the OFT standard, FBTC can natively expand to any chain supported by LayerZero.

Previously, in July, news reported that Ignition launched the cross-chain Bitcoin asset FBTC, which is pegged 1:1 to BTC, aimed at enhancing the accessibility and usability of Bitcoin, allowing users to earn higher returns through idle Bitcoin.