LayerZero Foundation Proposes $110 Million Stargate Acquisition, Retiring STG for ZRO Tokens

LayerZero Foundation Proposes $110 Million Stargate Acquisition, Retiring STG for ZRO Tokens

The LayerZero Foundation has proposed a $110 million acquisition of the Stargate cross-chain bridge and its STG token. The proposal aims to bring Stargate, which LayerZero originally launched in 2022, under the LayerZero Foundation’s direct ownership and operation. Under the terms, the Stargate DAO would be dissolved, and the STG token would be discontinued. STG holders would be able to exchange their tokens for LayerZero’s native token, ZRO, at…

ZRO Price Soars 26% as LayerZero Unveils $110M Stargate Acquisition Plan

The crypto market kicked off the week with bullish momentum as LayerZero Foundation revealed a $110 million proposal to acquire the Stargate cross-chain bridge. This sparked a sharp rally in both LayerZero’s ZRO token and Stargate’s STG token, which surged 26% and 20% respectively in the past 24 hours. The proposal, posted on Stargate DAO’s forum, seeks to dissolve the Stargate DAO and phase out the STG token. In its place, holders would swap ea…

LayerZero Foundation Proposes $110M Acquisition Of Stargate And STG Token With ZRO Swap Plan

Organization responsible for managing and supporting the omnichain messaging protocol LayerZero, LayerZero Foundation, has presented a proposal to acquire the Stargate cross-chain bridge along with its STG token for an amount of $110 million. The plan outlines the deactivation of the STG token, with an option for STG holders to exchange their tokens for LayerZero’s native token, ZRO. As of July 2025, each Stargate token is backed by $0.14444 in …

LayerZero, Stargate tokens jump on $110M acquisition plan

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