Rootstock’s aim is to end Bitcoin’s “isolation” from other chains due to its lack of native smart contracts.
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The funding will help the company scale operations as blockchain adoption accelerates.
The project, which also claims Tether’s Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.
Developers will be able to deploy tokens on TON from any of LayerZero’s chains using a single contract.
The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.
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Movement was reportedly one of the teams the Department of Government Efficiency representatives held conversations with about blockchain being used for government operations.
ndustry insiders hope that regulatory clarity under a Trump administration might renew interest in decentralized governance.
Also: Bubblemaps roadmap; Babylon interoperability
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