BitGo switches WBTC from LayerZero to Chainlink CCIP

BitGo has replaced LayerZero with Chainlink CCIP for $7.3 billion WBTC cross-chain transfers. Summary BitGo has selected Chainlink CCIP as the exclusive cross chain provider for its $7.3 billion Wrapped Bitcoin ecosystem, replacing LayerZero. The migration brings the total value of announced LayerZero to Chainlink CCIP transitions to about $14.6 billion. BitGo said the new setup lets it retain control over WBTC token contracts, transfer limits and cross chain settings. According to CoinDesk, crypto infrastructure company BitGo has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain provider for Wrapped Bitcoin (WBTC), replacing LayerZero in a move that brings the total value of publicly announced migrations from LayerZero to Chainlink’s infrastructure to roughly $14.6 billion. BitGo said the migration will standardize WBTC deployments around Chainlink’s Cross-Chain Token (CCT) standard while using CCIP by default for future digital assets it issues. The company added that the design allows it to retain direct control over token contracts, transfer limits and other operational settings instead of handing those functions to an external bridg...