Re drops LayerZero and goes all-in on Chainlink CCIP for cross-chain transfers
Re, the onchain reinsurance protocol with more than $475 million in total value locked, is migrating from LayerZero to Chainlink CCIP as its exclusive cross-chain infrastructure following an internal review of bridging solutions, according to a Friday statement. The switch covers reUSD, the protocols yield-bearing deposit token with a market cap above $160 million, and will govern how that asset travels across every chain it touches. The team said that it selected CCIP for its security-first design, including decentralized oracle networks, 16 independent validator nodes, built-in rate-limit protections, and SOC 2 Type 2 compliance. CCIP enables reUSD transfers through a lock-and-burn mechanism on the source chain and mint-and-release on the destination chain, validated through Chainlinks decentralized infrastructure. “Chainlink has been a foundational technology provider powering Re from the beginning,” Cliff White, Vice President of Engineering for Re, said. “It is an obvious choice to upgrade to Chainlink and secure the expansion of reUSD across chains.” Re stated that its infrastructure decisions prioritize security, auditability, and institutional-grade resilience over speed of deployment, particularly for cross-chain operations involving real-world financial exposure. “Were excited to support Re as it upgrades to Chainlink CCIP as its exclusive cross-chain infrastructure to expand reUSD across chains. This highlights a broader industry shift