Re, an on-chain reinsurance protocol with over $475 million in complete worth locked in, is migrating from LayerZero to Chainlink CCIP as its devoted cross-chain infrastructure following an inner assessment of its bridging resolution, based on 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 workforce stated it chosen CCIP for its security-first design, together with a decentralized oracle community, 16 unbiased validating nodes, built-in charge 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 via Chainlink’s decentralized infrastructure.
“Chainlink has been the underlying expertise supplier supporting Re from the start,” stated Cliff White, Re’s vp of engineering. “It’s a pure option to improve to Chainlink and safe reUSD enlargement throughout the chain.”
Re stated infrastructure choices prioritize safety, auditability, and institutional-grade resiliency over velocity of deployment, particularly for cross-chain operations with real-world monetary publicity.
“We’re excited to assist Re in upgrading to Chainlink CCIP as its personal cross-chain infrastructure to scale reUSD throughout chains. This highlights a broader business 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 concerning safety failures in DVN and RPC, three crypto tasks have migrated from LayerZero to Chainlink CCIP as their main 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 the moment buying and selling round $1.4, down 2.5% previously 24 hours.
