Tether has collaborated with the TON Foundation to introduce an omnichain version of its gold stablecoin XAUt on The Open Network. The new token, XAUt0, is based on LayerZero's Omnichain Fungible Token standard, enabling seamless transfer across blockchains without intermediaries. With a market capitalization of over $832 million, XAUt is the largest gold stablecoin, followed closely by Paxos's Pax Gold at $811 million. Each XAUt token is backed by 7.7 tons of physical gold stored in a Swiss vault. This move mirrors Tether's launch of USDT0, a crosschain dollar-backed stablecoin. Gold, a safe-haven asset, has seen a significant price surge in 2025 amidst economic uncertainty, with a 29.5% increase in 12 months. Tether's omnichain gold token will compete with traditional gold investment options like ETFs. Read more AI-generated news on: https://app.chaingpt.org/news

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