USDT0 launches omnichain version of Tether gold stablecoin on TON

The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments.

Update (June 3, 9:15 am UTC): This headline and the article have been updated to correct the information about the issuer of XAUt0.

USDT0, the unified liquidity network for Tether’s US dollar–pegged stablecoin, USDt, has launched an omnichain version of Tether’s gold stablecoin, XAUt.

USDT0 on June 2 officially announced the launch of XAUt0, a new stablecoin built on LayerZero’s Omnichain Fungible Token standard, enabling crosschain transactions without wrapping or middlechains.

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