🚨 XAUt0 – Gold Meets DeFi on TON

Tether, via the USDT0 protocol, has introduced XAUt0, an omnichain version of its gold-backed token, now live on The Open Network (TON).

🪙 What is XAUt0?

• XAUt0 is a token representing one troy ounce of physical gold stored in Swiss vaults.

• Built on LayerZero’s Omnichain Fungible Token (OFT) standard, it allows seamless transfers across multiple blockchains without the need for bridges or wrappers.

• This design ensures full 1:1 backing and enhances liquidity in decentralized finance (DeFi) applications.

📱 Integration with Telegram via TON

• TON, closely integrated with Telegram, enables XAUt0 to be accessible directly through Telegram’s in-app Wallet.

• This integration brings gold-backed digital assets to Telegram’s extensive user base, facilitating easy access and usability.

🌍 The launch of XAUt0 marks a significant step in integrating real-world assets (RWAs) like gold into the DeFi space.