Tether Launches Gold-Backed Omnichain Stablecoin on TON

Tether, the issuer of the world’s most traded stablecoin, has made another bold move—this time blending the timeless value of gold with the cutting-edge world of omnichain interoperability. Their gold-backed stablecoin, XAUT, is now live on The Open Network (TON), Telegram’s native blockchain.

This isn’t just another token launch. It’s a strategic leap into a future where real-world assets like gold can move freely across blockchain networks, with the speed and fluidity of crypto.

What is XAUT?

XAUT, or Tether Gold, is a stablecoin backed by physical gold. Each token represents one troy ounce of gold stored in Swiss vaults, combining the stability of a traditional asset with the liquidity of digital tokens.

Until now, XAUT has been available on Ethereum and TRON. By expanding to TON, Tether is positioning itself to tap into Telegram’s massive user base and the emerging ecosystem built around TON’s fast and scalable infrastructure.

Why TON?

TON has gained serious momentum in 2024, especially after Telegram publicly embraced it and launched integrations like the @wallet bot for seamless crypto transfers. Its speed, low fees, and built-in user base make it a prime target for tokenized assets like XAUT.

With Tether’s omnichain tech stack, XAUT can now move fluidly between chains, unlocking new use cases across DeFi, payments, and cross-border settlements.

The Bigger Picture: Tokenized Real-World Assets

This move by Tether reflects a broader trend: the tokenization of real-world assets (RWAs). Investors are increasingly seeking assets that blend traditional stability with crypto-native flexibility. A gold-backed token on a fast chain like TON hits both targets.

And this isn’t just about retail adoption—institutions are watching closely. Omnichain gold could soon be part of lending protocols, yield strategies, and international payment rails.

What’s Next?

Tether has hinted at bringing USDT to TON as well, which would further strengthen its footprint in this expanding ecosystem. If that happens, TON could become a serious contender in the stablecoin wars—particularly in mobile-first and emerging markets where Telegram dominates.

Final Thoughts

The launch of XAUT on TON marks a powerful fusion of old and new: timeless gold meets decentralized tech. It’s a signal that crypto isn’t just about speculation anymore—it’s about building bridges to real-world value.

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