Tether announced a partnership to launch an Omnichain version of its Gold Stabecoin XAut with Ton Foundation (Xaut) On open networks (Ton), In an attempt to expand tokens in ecosystems.
The new token, “Xaut0”, was built on the omnichane funk token standard of Laijero, which allows the tokens to be transferred through a blockchain without wrapping or midlchan.
XAUT is the largest gold stabelcoin by the non-omnichain version of tokens, more than $ 832 million by market capitalization, According For coingecko. After this Packs Gold of Paxos (ripe), Which holds a market cap of $ 811 million till 2 June. Xaut is available only on Etreum Blockchain.
Tathar has more than 7.7 tonnes of physical gold that supports Xaut Stablecoin, According For the company’s Q1 2025 verification report. Each Xaut token represents a troy ounces of global property, which is allegedly being stored in a Swiss vault.
XAUT0 can mimic the tether’s USDT0 rollout Posted in superchen of optimismA ecosystem containing at least eight blocks. USDT0 is a bridges toke of USDT (USDT), The company’s dollar-supported Stabelcoin.
Tithi too USDT deployed on ton blockchain In April 2024.
Connected: Tithi launched gold-supported, US dollar Stabelcoin alloy
Gold is supported by economic uncertainty
Gold is considered a safe-heaven property and in 2025, has experienced a widespread praise in the price due to economic uncertainty, especially due to the ongoing global trade wars.
gold price Was On May 30, $ 3,304 an ounce, a year ago by $ 2,327 – a leap of 29.5% in 12 months. In addition, the Gold Exchange-Treded Fund (ETF) have experienced With eight top funds by the total assets that experience an increase of more than 25%, the year-by-year significant benefits.
Gold ETF is a popular way to trade property. The Tether’s omnichen gold tokens will compete with similar ETFs and other traditional gold investment devices.
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