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Tether Launches Omnichain Gold Stablecoin on TON

  • Tether has introduced XAUt0, a gold-backed token issued on The Open Network blockchain, enabling users to hold and trade gold assets through blockchain technology.
  • This launch followed Tether’s partnership with the TON Foundation and adoption of LayerZero’s Omnichain Fungible Token standard for cross-chain transfers.
  • XAUt0 integrates with Telegram’s native wallet, allowing over 1 billion users to buy, hold, and use tokenized gold seamlessly on TON.
  • Each XAUt0 token is backed by one troy ounce of LBMA-certified gold physically held by Tether, while the non-omnichain XAUt token leads the market among gold stablecoins with a capitalization exceeding $832 million.
  • The launch expands TON’s ecosystem amid rising gold prices and increased demand for inflation-resistant digital assets backed by physical gold.
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Cointelegraph broke the news in on Monday, June 2, 2025.
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