Tether , the firm behind the biggest stablecoin by market cap, has debuted a next-gen version of its gold-backed token. Dubbed XAUt₀, this new omnichain iteration of the existing $XAUt asset was first deployed on the TON (The Open Network) blockchain. Built using LayerZero’s Omnichain Fungible Token (OFT) standard, XAUt₀ seeks to revolutionize the ways in which gold is both accessed and moved across blockchain ecosystems. The need for on-chain, real-world assets is growing rapidly, and this launch represents a huge leap in connecting traditional commodities like gold with decentralized finance (DeFi) capabilities. A New Era of Gold: Ownership, Not Just Exposure In contrast to the traditional gold exchange-traded funds (ETFs), which yield just synthetic price exposure, XAUt₀ gives token holders actual ownership of gold on the blockchain. Each XAUt₀ token is backed 1:1 with physical gold, meaning there’s 7.7 tons (7,000 kg) of LBMA-certified gold backing all the XAUt₀ tokens that have been issued. This direct support is bolstered by 24/7 accessibility and redemption options for the tokens, which allow holders to claim their shares of the gold anytime they want. Tether has made clear that the reserves are verified by an independent party and that this party also follows the ISAE 3000 standards. These standards provide adequate transparency and auditability, which are both very important if you want a reserve-backed token to actually be trustable. With XAUt₀, Tether is not just converting gold into a digital form; it is remaking the way gold is stored, traded, and put to use—around the clock, across the world, and without middlemen. CMC News: XAUt0 Launches Omnichain Gold Token on TON Network Tether has unveiled XAUt0, the omnichain version of its gold-backed stablecoin $XAUt , with first deployment on TON Network. The token enables seamless movement across blockchains using LayerZero's Omnichain… pic.twitter.com/YTXQfGzSq2 — CoinMarketCap (@CoinMarketCap) June 3, 2025 Omnichain Infrastructure Unlocks New Possibilities The omnichain architecture of XAUt₀ transcends any earlier models and derives directly from LayerZero’s OFT (omnichain token) standard. Thus the token itself is an omnichain token, facilitating its movement across chains as if they were all part of a single universe (without needing to wrap assets or rely on bridging mechanisms). The deployment of the first service on the TON Network is a strategic decision. We are taking advantage of the rapidly growing ecosystem and user base that TON has built. However, many people might not realize that the token we are deploying (XAUt₀) is omnichain, which means it can and will be used across other prominent networks (Ethereum, BNB Chain, Avalanche, etc.) as well. This mobility across chains establishes a totally new category of DeFi strategies. For example, users might take part in a lending protocol that spans multiple chains, posting gold as collateral in one chain and borrowing stablecoins on another. Then, too, there is the possible emergence of arbitrage opportunities that are tied to the price of gold. Traders could attempt to profit from any mispricings they might find between tokenized gold and various fiat-pegged stablecoins across the platforms and networks they use. Equipped with these abilities, XAUt₀ is not merely a digital iteration of gold; it is capable of being programmed and used in conjunction with other entities, making it ideal for the decentralized financial (DeFi) ecosystem. Gold Meets Crypto Utility in DeFi 2.0 XAUt₀, by Tether, is being introduced when traditional finance and crypto steadily converge. Real-world assets (RWAs) are gaining traction in DeFi, and tokenized commodities like gold offer both stability and historical trust. With the integration of the TON network and leveraging omnichain architecture, XAUt₀ is set up in a central role to play in the next wave of DeFi utility. Users can now access a stable, inflation-resistant asset that can be deployed across lending markets, used as collateral, or integrated into automated trading strategies—all without departing from the blockchain ecosystem. The potential here is not just limited to crypto-native traders but also appeals to institutions and traditional investors who are looking to diversify into gold while maintaining digital asset flexibility. In the wider context, this development shows Tether’s continuing ambition to reach beyond USD-pegged stablecoins. With USDT already solidly ensconced in crypto markets, XAUt₀ adds a second pillar to Tether’s real-world asset portfolio—one that unites centuries of trust and the modernity of DeFi under a single token. Conclusion Tether’s introduction of XAUt₀ on the TON network is more than just a technical upgrade; it’s a look into the future of asset tokenization. By combining physical gold with omnichain DeFi and decentralized governance, Tether has allowed for a new generation of use cases in which not only gold, but also other precious metals (and soon the same will apply to other assets like real estate), can be used in DeFi protocols. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
