Tether Launches XAUt0 Gold-Backed Omnichain Token on TON Blockchain, Boosting Cross-Chain Liquidity and DeFi Opportunities
Tether has introduced XAUt0, a new omnichain gold-backed stablecoin, on The Open Network (TON) blockchain. This move extends Tether’s real-world asset offerings, following its existing XAUT token on Ethereum and TRON. XAUt0 uses Chainlink’s CCIP technology for seamless cross-chain interoperability, allowing traders and investors easier access to gold-backed digital assets. The launch leverages TON’s scalability and expanding Telegram user base, aiming to boost liquidity and utility for decentralized finance (DeFi) applications. According to Tether CEO Paolo Ardoino, XAUt0 will enhance blockchain stability, provide new trading and hedging tools, and help users diversify with a gold-backed token. This reflects the growing trend of real-world asset tokenization in crypto, encouraging a deeper integration between traditional finance and blockchain. The deployment of XAUt0 on TON is expected to drive adoption and offer improved risk management for crypto traders.
Bullish
The launch of Tether’s XAUt0 gold-backed omnichain token on the TON blockchain represents a bullish development for the crypto market segment involved. The introduction of XAUt0 expands Tether’s real-world asset offerings and leverages Chainlink’s CCIP for enhanced cross-chain interoperability, increasing liquidity and utility across blockchains, particularly in DeFi ecosystems. Access to a gold-backed token helps traders diversify portfolios and manage risk, while TON’s scalability and Telegram user base promise broader adoption. Similar listings of real-world asset tokens have historically sparked positive sentiment and trading activity, suggesting XAUt0’s integration could lead to increased demand, volume, and utility in the TON ecosystem and for Tether products, driving short- and long-term interest from traders and investors.