{"id":24468,"date":"2025-06-03T11:31:07","date_gmt":"2025-06-03T08:31:07","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-launches-ton-version-of-gold-backed-stablecoin-xaut\/"},"modified":"2025-06-03T11:31:07","modified_gmt":"2025-06-03T08:31:07","slug":"tether-launches-ton-version-of-gold-backed-stablecoin-xaut","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-launches-ton-version-of-gold-backed-stablecoin-xaut\/","title":{"rendered":"Tether Launches TON Version of Gold-Backed Stablecoin XAUT"},"content":{"rendered":"<p>Tether <a href=\"https:\/\/mirror.xyz\/tetherzero.eth\/-868_p-V6o6Qmfr6kmUZ8HehIOPSXqdWtXdWkHKpLGY\">announced<\/a> the launch of XAUt0, an omnichain version of its gold-backed stablecoin XAUT. The initial deployment of the asset will occur on The Open Network in collaboration with the TON Foundation.<\/p>\n<p>XAUt0 enhances Tether Gold&#8217;s capabilities by enabling the token to move across different blockchains. The technology is based on LayerZero&#8217;s OFT standard, ensuring seamless and secure transfers between networks while maintaining full 1:1 backing.<\/p>\n<p>Key advantages of XAUt0 include:<\/p>\n<ul class=\"wp-block-list\">\n<li>access to gold-backed liquidity pools;<\/li>\n<li>simultaneous minting and burning of tokens during cross-chain transfers;<\/li>\n<li>integration of gold into DeFi applications, including lending and arbitrage.<\/li>\n<\/ul>\n<p>XAUT is the largest gold-backed stablecoin by market capitalization, with a volume exceeding $828 million, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/tether-gold\">CoinGecko<\/a>. Its closest competitor, Paxos&#8217; PAXG, has a capitalization of approximately <a href=\"https:\/\/www.coingecko.com\/en\/coins\/pax-gold\">$808 million<\/a>.<\/p>\n<p>In May, JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-predicts-bitcoin-to-surpass-gold-by-year-end\">stated<\/a> that in the second half of the year, the leading cryptocurrency would continue to rise in price, outpacing the precious metal.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether announced the launch of XAUt0, an omnichain version of its gold-backed stablecoin XAUT. The initial deployment of the asset will occur on The Open Network in collaboration with the TON Foundation. XAUt0 enhances Tether Gold&#8217;s capabilities by enabling the token to move across different blockchains. The technology is based on LayerZero&#8217;s OFT standard, ensuring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[536,807,1245,1364],"class_list":["post-24468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-gold","tag-stablecoins","tag-tether-usdt","tag-the-open-network"],"aioseo_notices":[],"amp_enabled":true,"views":"130","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24468"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24467"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}