"Tether has launched an omnichain Stablecoin linked to gold on TON".
Tether has announced the official launch, in collaboration with TON Foundation, USDt0, an omnichannel version of its gold-linked Stablecoin XAUt (XAUT), which will start operating on the Blockchain "The Open Network" (TON). This aims to expand the token across ecosystems.
Furthermore, the new Tether token referred to as "XAUt0" on TON has been created based on the "The Omnichain Fungible Token" (OFT) standard from LayerZero, which allows transferring tokens across different blockchains without the need to wrap them or use intermediary networks.
Given the importance and relevance of gold today, this option is very viable to consider for all crypto and stablecoin enthusiasts. We must wait for its operation, reception, and impact in the digital world.
