Tether launches XAUt0: the "golden" stablecoin enters the TON network
Date: 2025-06-03 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The Tether company presented an improved version of its gold stablecoin — XAUt0. This token was created using OFT technology from LayerZero and will be available on The Open Network blockchain. The project is implemented with the support of the TON Foundation.
The main goal of XAUt0 is to make the token as universal as possible and convenient for moving between different blockchains. Thanks to the new approach, XAUt0 maintains a 1:1 gold supply and allows you to instantly move assets between networks. This became possible due to the introduction of the mechanism of simultaneous issuance and burning of tokens during cross-chain operations.
Development opens up access to new opportunities:
- users will be able to trade XAUt0 in liquidity pools that are backed by gold;
- it will be possible to use the token in decentralized financial products — from arbitrage to lending;
- liquidity between networks will increase, while users will not depend on centralized bridges.
Currently, XAUT remains the largest gold stablecoin by market capitalization. According to CoinGecko, the total asset volume exceeds $828 million. Its closest competitor, PAXG from the Paxos company, is slightly behind — about $808 million.
Thus, the launch of XAUt0 strengthens Tether's leadership in the segment of gold tokens and at the same time makes this asset more accessible to users of the Web3 environment. The expansion of the infrastructure with the support of cross-network interaction can also contribute to the further growth of interest in gold as a means of saving in the conditions of unstable markets.
At the same time, JPMorgan analysts last month expressed the opinion that the second half of the year may bring growth for bitcoin, which will outpace even gold in terms of pace. Against this background, Tether's announcement about the launch of XAUt0 demonstrates interest in synergies between digital assets and traditional instruments.
