LayerZero's $ZRO token has posted gains this week, a period in which much of the large-cap crypto market has struggled to rise. The move coincides with a notable integration: @LoonFinance has
LayerZero's $ZRO token has posted gains this week, a period in which much of the large-cap crypto market has struggled to rise. The move coincides with a notable integration: @LoonFinance has chosen LayerZero technology to power its Canadian dollar-backed stablecoin, @CADCstablecoin ($CADC). The protocol is developed by @LayerZero_Core.
According to Cryptowisser, the LayerZero team announced via a blog post on Thursday that Loon Finance had selected LayerZero's Omnichain Fungible Token (OFT) standard to power cross-chain interoperability for CADC. The report adds that the stablecoin is available on Ethereum, Base, Polygon and Solana via LayerZero.
Loon's own blog says CADC moves as an OFT, meaning there are no wrapped copies and no fragmented liquidity. Users can bridge the token between networks in a single transaction through Stargate, the bridge built on LayerZero. The transfers are secured by a 3-of-5 Decentralized Verifier Network that includes LayerZero Labs, Fidelity's Center for Applied Technologies, Deutsche Telekom MMS, Canary and Google Cloud.
Crypto Economy, citing LayerZero, reports that CADC accounts for roughly 60% of the Canadian dollar-denominated stablecoin supply and has recently passed $500 million in transaction volume. The same report says the setup lets Loon retain control over its smart contracts and tailor the infrastructure to its security and regulatory needs.
The integration also extends LayerZero's range of non-USD stablecoins. Cryptowisser notes that the portfolio already includes Bitso's MXNB (Mexican peso), tGBP (British pound), BRL1 (Brazilian real) and KRWQ (Korean won).
The announcement follows regulatory progress for Loon. BetaKit reports that the Calgary-based startup has secured approval from domestic securities regulators to issue CADC in Canada. BetaKit also notes that Loon still has compliance work to do, including migrating legacy CADC to the new contract. Loon's blog says holders who bought CADC before October 22, 2026 can swap it 1:1 at its migration page or redeem it for Canadian dollars through Paytrie.
On price, eToro data shows ZRO at $2.415, up 14.02% over the past week. Other trackers show different levels, so quoted prices vary by data source and time of day. DiarioBitcoin, a Spanish-language crypto outlet, put ZRO at $1.86 on November 1 and said there was no confirmed catalyst for the rally, with the MACD indicator still bearish. The outlet also noted that the token remains well below its all-time high.
The price figures reflect a volatile market and should not be read as evidence that the CADC integration drove the gains.
Cryptowisser: Canadian Dollar Stablecoin CADC Goes Cross-Chain via LayerZero
BetaKit: Loon Clears Key Regulatory Hurdle to Offer Canadian Dollar-Backed Stablecoin
Crypto Economy: LayerZero Powers Loon CADC Stablecoin Interoperability
