Tether launches full-chain gold stablecoin "XAUt0" on TON blockchain

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MarsBit
06-03
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Mars Finance reports that Tether announced a partnership with the TON Foundation to launch the full-chain version of its gold-backed stablecoin XAUt, called XAUt0, on the TON blockchain, aiming to expand the accessibility of digital gold through a multi-chain interoperability strategy. XAUt0 is built on the LayerZero Omnichain Fungible Token (OFT) standard, enabling free transfer between different chains. According to CoinGecko data, XAUt is currently the largest gold stablecoin by global market capitalization, with a circulating supply of over $832 million, currently issued only on ETH. Tether has not yet announced the list of other blockchain platforms that will support XAUt0 in the future. (FinanceFeeds)

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