Re, an on-chain reinsurance protocol with over $475 million in total value locked in, is migrating from LayerZero to Chainlink CCIP as its dedicated cross-chain infrastructure following an internal review of its bridging solution, according to a statement on Friday.
The switch targets reUSD, a yield-bearing deposit token for a protocol with a market capitalization of over $160 million, and controls how its assets move across all chains it touches.
The team said it selected CCIP for its security-first design, including a decentralized oracle network, 16 independent validating nodes, built-in rate limiting protection, and SOC 2 Type 2 compliance.
CCIP enables re-USD remittances via a lock-and-burn mechanism on the source chain and mint-and-release on the destination chain, verified through Chainlink’s decentralized infrastructure.
“Chainlink has been the underlying technology provider supporting Re from the beginning,” said Cliff White, VP of Engineering at Re. “It is a natural choice to upgrade to Chainlink and secure reUSD expansion across the chain.”
Re said infrastructure decisions prioritize security, auditability, and institutional-grade resiliency over speed of deployment, especially for cross-chain operations with real-world financial exposure.
“We are excited to support Re in upgrading to Chainlink CCIP as its own cross-chain infrastructure to scale reUSD across chains. This highlights a broader industry shift where major protocols exclusively embrace Chainlink to provide the uncompromising security needed to scale stablecoins across multi-chain ecosystems,” said Johann Eid, Chief Business Officer at Chainlink Labs.
Following a $300 million DeFi bridge exploit related to LayerZero infrastructure, and contradictory claims between LayerZero Labs and KelpDAO regarding security failures in DVN and RPC, three crypto projects have migrated from LayerZero to Chainlink CCIP as their primary cross-chain system.
Before Re, KelpDAO, and Solv Protocol announced their migration from LayerZero to Chainlink CCIP.
LayerZero, which raised $120 million in a Series B round in 2025 at a valuation of about $3 billion, has faced intense scrutiny. According to CoinGecko, its native token ZRO is currently trading around $1.4, down 2.5% in the past 24 hours.
