Tether has partnered with the TON Foundation to launch XAUt0.
It is a multi-chain version of its gold-backed stablecoin on the TON blockchain.
XAUt0 has been developed using the OFT standard (Omnichain Fungible Token) from LayerZero and enables cross-chain transfers.
While the original XAUt - currently limited to Ethereum - has surpassed a circulating value of $832 million, additional blockchains that will support XAUt0 have not yet been disclosed.