Re, an on-chain reinsurance protocol with over $475 million in whole worth locked in, is migrating from LayerZero to Chainlink CCIP as its devoted cross-chain infrastructure following an inner overview of its bridging resolution, in accordance with an announcement on Friday.
The swap targets reUSD, the yield-bearing deposit token of a protocol with a market capitalization of over $160 million, and controls how its belongings transfer throughout all chains it touches.
The group stated it chosen CCIP for its security-first design, together with a decentralized oracle community, 16 unbiased validating nodes, built-in price limiting safety, and SOC 2 Kind 2 compliance.
CCIP permits re-USD remittances by way of a lock-and-burn mechanism on the supply chain and mint-and-release on the vacation spot chain, verified by Chainlink's decentralized infrastructure.
“Chainlink has been the underlying expertise supplier supporting Re from the start,” stated Cliff White, Re's vice chairman of engineering. “It’s a pure option to improve to Chainlink and safe reUSD enlargement throughout the chain.”
Re stated infrastructure selections prioritize safety, auditability, and institutional-grade resiliency over pace of deployment, particularly for cross-chain operations with real-world monetary publicity.
“We’re excited to help Re in upgrading to Chainlink CCIP as its personal cross-chain infrastructure to scale reUSD throughout chains. This highlights a broader trade shift the place main protocols completely embrace Chainlink to offer the uncompromising safety wanted to scale stablecoins throughout multi-chain ecosystems,” stated Johann Eid, Chief Enterprise Officer at Chainlink Labs.
Following a $300 million DeFi bridge exploit associated to LayerZero infrastructure, and contradictory claims between LayerZero Labs and KelpDAO relating to safety failures in DVN and RPC, three crypto initiatives have migrated from LayerZero to Chainlink CCIP as their major cross-chain system.
Earlier than Re, KelpDAO, and Solv Protocol introduced their migration from LayerZero to Chainlink CCIP.
LayerZero, which raised $120 million in a Sequence B spherical in 2025 at a valuation of about $3 billion, is going through growing scrutiny. In response to CoinGecko, its native token ZRO is at present buying and selling round $1.4, down 2.5% up to now 24 hours.
