XAUt0

Tether Launches Omnichain Gold Stablecoin on Tron Blockchain

Tether has launched an omnichain gold stablecoin (XAUt0) on the Tron blockchain to expand tokens across the ecosystem. The token is built on the Omnichain Fungible Token standard from LayerZero, which allows for transfers across blockchains without a middlechain.

The issuer of USDT has more than 7.7 tons of physical gold backing the XAUt stablecoin per quarter by the year 2025. Each XAUt token represents one troy ounce of gold stored in a Swiss vault.

XAUt0 can mimic the launch of USDT0 (USDT0), a token that bridges USDT with the company's dollar-backed stablecoin. The difference is that XAUt is launched on the Ethereum blockchain.
Currently, the largest gold stablecoin is held by XAUt, the non-omnichain gold-pegged stablecoin from Tether, with a market capitalization of US$832 million. Followed by Pax Gold from Paxos with a market capitalization of US$811 million.#XAUt0

Tether launches XAUt0 on TON in partnership with the TON Foundation

#Tether rolls out #XAUt0 on #TheOpenNetwork in collaboration with the #TONFoundation . XAUt0, the omnichain version of #TetherGold, enables seamless, secure transfers of gold-backed tokens across leading blockchains. Built on LayerZero’s OFT standard, it maintains full 1:1 backing with XAUt’s physical reserves. XAUt0 enhances native XAUt with seamless omnichain transfers, efficient gold-backed liquidity, atomic mint-and-burn, and new #DeFi use cases.

👉 mirror.xyz/tetherzero.eth/-868_p-V6o6Qmfr6kmUZ8HehIOPSXqdWtXdWkHKpLGY