**🪙 Tether Unveils XAUt₀: Omnichain Gold-Backed Stablecoin on Tron**
🔗 **Cross-Chain Ready**
Tether has launched **XAUt₀**, an omnichain, gold-backed stablecoin on the **Tron** blockchain—part of its strategy to broaden adoption across multiple ecosystems. Built using **LayerZero’s Omnichain Fungible Token (OFT)** standard, XAUt₀ enables smooth cross-chain transfers **without middlechains**.
🏦 **Backed by Physical Gold**
As of Q1 2025, Tether holds **7.7 metric tons of gold** stored in Swiss vaults to back its XAUt tokens. Each XAUt represents **one troy ounce of real gold**, providing transparent, physical asset backing.
📤 **Designed for Interoperability**
XAUt₀ follows in the footsteps of **USDT₀**, Tether’s omnichain version of its dollar-pegged stablecoin. Originally launched on Ethereum, XAUt₀ now enhances **cross-chain compatibility**, making it more accessible to DeFi users.
📊 **Market Leader in Gold Stablecoins**
Tether’s XAUt continues to dominate the gold-backed stablecoin market, boasting a **market cap of \$832 million**, edging out **Paxos’ PAXG** at \$811 million.
