USDT0 has just launched XAU₮0, a new gold token on the TON blockchain. Each XAU₮0 is equivalent to one real ounce of gold stored in a vault in Switzerland, with over 7.7 tons of gold held by Tether as collateral.

Thanks to the Omnichain Fungible Token technology from LayerZero, XAU₮0 can be easily transferred between networks without the need for 'wrapping'. XAU₮0 allows users to buy and sell gold faster and more flexibly compared to investing through traditional ETF funds.