Tether Unleashes XAUt0: Gold-Backed Tokens Go Omnichain!

Hold onto your hats, crypto fans! Tether, in cahoots with Everdawn Labs, just dropped XAUt0—an omnichain version of their gold-backed token XAUt. This beast is set to revolutionize the game, allowing seamless transfers across multiple blockchains. No more chain hopping headaches!

Thanks to LayerZero’s Omnichain Fungible Token standard, XAUt0 hooks you up with on-chain access to real, physical gold chilling in Swiss vaults. You heard that right—actual gold, not some paper promise!

Get ready, because the first rollout of XAUt0 is hitting The Open Network (TON), the blockchain that’s cozying up with Telegram. This means hundreds of millions of Telegram users will have instant access to gold-backed tokens right from their in-app Wallet. Talk about bringing the bling to the masses!

This move is set to flood Telegram’s massive user base with tokenized gold, cranking up liquidity and accessibility for everyone from retail newbies to institutional big shots.

And here’s the kicker—each XAUt0 token stands for one troy ounce of the real deal, meeting the “London Good Delivery” standards. No shortcuts here, folks!

Direct gold ownership

Forget about those wishy-washy gold-tracking ETFs or synthetic junk—XAUt0 is the real McCoy, giving you direct ownership of the gold, not just a ticket to ride the price wave. It’s the same solid backing as Tether Gold (XAUt) from 2020, but now with the superpowers to zip across chains.

With XAUt0’s omnichain magic, you can dive into DeFi like a pro, lending and arbitraging while clutching onto that inflation-resistant gold. It’s all about 24/7 trading, fractional ownership, and keeping your digital assets in your own hands, without messing with the security of the actual gold.

This launch is part of a bigger push to bring real-world assets into the digital realm, making traditional stores of value like gold programmable and borderless. “XAUt0 brings a timeless asset into the decentralized ecosystem,” says Lorenzo R., the co-founder of USDT0 and Everdawn Labs.

With gold prices soaring near all-time highs, Tether’s throwing XAUt0 into the ring as the ultimate modern, blockchain-native way to invest in gold—blending the rock-solid stability of commodities with the wild flexibility of digital finance.