Tether launches cross-chain gold stablecoin "XAUt0" on the TON blockchain

Odaily Planet Daily News: Tether announced a collaboration with the TON Foundation to launch the all-chain version of its gold-backed stablecoin XAUt, called XAUt0, on the TON blockchain. This aims to expand the accessibility of digital gold through a multi-chain interoperability strategy. XAUt0 is built on the LayerZero's Omnichain Fungible Token (OFT) standard, allowing free transfer between different chains. According to CoinGecko data, XAUt is currently the world's largest gold stablecoin by market capitalization, with a circulation exceeding $832 million, and is currently issued only on Ethereum. Tether has not yet announced the list of other blockchain platforms that will support XAUt0 in the future. (FinanceFeeds)