Wormhole Foundation Makes a Bold Bid for Stargate, Outbidding LayerZero with $120M USDC Offer

The Wormhole Foundation has made a significant move in the DeFi bridging space by submitting a cash offer of $120 million USDC to acquire Stargate Finance. This bid significantly surpasses LayerZero’s token exchange proposal, offering immediate liquidity for STG holders and signaling a strategic shift within the ecosystem. This acquisition could reshape the DeFi landscape as Wormhole aims to create cross-chain synergy enhancements through this integration.