Announcements Loon Selects LayerZero’s OFT Standard as Interoperability Solution for Canadian Dollar Stablecoin CADC LayerZero and Loon today announced that CADC, Loon’s Canadian dollar-backed stablecoin, will use the OFT standard to move natively across blockchains.
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LayerZero and Loon said CADC, Loon’s Canadian dollar-backed stablecoin, will use LayerZero’s OFT standard to move across blockchains natively. The announcement also says the setup avoids bridged or wrapped versions and keeps CADC’s supply unified across networks.
Key claims & sources
What it means
CADC sits in the growing group of local-currency stablecoins, and LayerZero is positioning its OFT standard as the transfer layer for assets that need to move between chains without being reissued each time. Loon’s Canadian dollar-backed token is being brought into that framework, which ties a national-currency stablecoin to a multichain infrastructure stack. The fact that this is being announced now shows how interoperability standards are becoming part of stablecoin design rather than an afterthought.
For users and builders, the practical change is that CADC is being set up to move across different blockchains without relying on wrapped tokens or bridge-issued copies. That matters for wallets, exchanges, and apps that want one token identity across networks instead of separate versions that have to be tracked and reconciled. It also gives Loon a path to distribute CADC more widely while keeping the token aligned with a single supply structure.
The broader trade-off is between multichain convenience and the complexity that comes with cross-chain infrastructure. Wrapped assets and bridges have been central to crypto’s early multichain growth, but they also add layers that users have to trust and developers have to maintain. An OFT-style design pushes toward a cleaner asset model across chains, while also making the transfer standard itself a more important point of control.
What is still not clear is how CADC will be rolled out across specific networks and how broad the support will be at launch. The announcement does not spell out which blockchains will be included first or how users will access the token on each one. Those details would show how far the integration reaches beyond the initial announcement and what implementation work remains for Loon and LayerZero.
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