ChainCatcher reports that Bybit has announced it will soon support deposits and withdrawals of XAU₮ (Tether Gold) on the Mantle network, providing users with a more convenient channel for trading tokenized gold.
XAU₮ is issued by Tether, with each token backed 1:1 by one troy ounce of physical gold. This integration leverages Mantle's Layer-2 architecture to achieve lower transaction costs and faster settlement speeds, allowing users to use XAU₮ for trading, lending, and yield generation within Mantle's DeFi protocol.
