Thomas Daniels
Tether has introduced XAUt0, an omnichain version of its gold-backed stablecoin, Tether Gold (XAUt), on The Open Network (TON). This strategic initiative, developed in partnership with the TON Foundation and LayerZero, aims to boost token interoperability across diverse blockchain platforms.
XAUt0 is built on LayerZero’s Omnichain Fungible Token (OFT) standard, which enables cross-chain transfers without requiring wrapping or intermediaries. Each XAUt0 token represents one troy ounce of LBMA-certified gold stored securely in Swiss vaults, offering holders direct ownership of physical assets.
The integration of XAUt0 with TON, a blockchain linked to the Telegram ecosystem, ensures seamless access for millions of users via Telegram’s wallet functionality. This could accelerate the token’s adoption among both retail and institutional investors.
The launch coincides with a sharp rise in gold prices amid global economic volatility. As of May 30, gold was valued at $3,304 per ounce, reflecting a 29.5% increase over the past year. This surge has driven renewed interest in gold as a safe-haven asset, positioning XAUt0 as a modern alternative to traditional investment vehicles.
By combining the reliability of physical gold with blockchain’s flexibility, XAUt0 enables participation in decentralized finance (DeFi) across multiple chains. This includes use cases such as staking, lending, and yield farming.
Tether’s move underscores the broader trend of tokenizing real-world assets, offering investors access to programmable, diversified instruments with enhanced liquidity and transparency.
