Summary
- Tether announced the launch of the gold-backed stablecoin XAUt0 on the TON blockchain.
- This partnership aims to expand accessibility to digital gold through a multi-chain interoperability strategy.
- Tether’s existing gold-backed stablecoin XAUt currently has a supply of $832 million and is issued only on Ethereum.
Tether (USDT), a giant in the stablecoin (virtual assets pegged to fiat currency) market, announced on the 2nd (local time) that it will launch a gold-backed stablecoin on the TON blockchain.
According to Financial Fizz, Tether has partnered with the TON Foundation to launch XAUt0, the full-chain version of its gold-backed stablecoin XAUt, on the TON blockchain.
This partnership is centered around expanding access to digital gold through a multi-chain interoperability strategy.
XAUt0 is based on LayerZero’s Omnichain Fungible Token (OFT) standard, allowing free transfers between different chains.
According to CoinGecko data, Tether’s gold-backed stablecoin XAUt currently has a circulating supply of $832 million and is currently only issued on the Ethereum platform.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
