Tether introduced an omnichain version of its gold-backed stablecoin, Tether Gold (XAUt). The initiative aims to ensure full compatibility with multichain infrastructure and expand the asset’s functionality in the DeFi environment.
The dev team behind Tether, the issuer of the largest stablecoin by market cap, USDT, announced the launch of XAUt₀. It’s an omnichain version of the Tether Gold stablecoin. The new token provides the same physical gold backing guarantees as XAUt but features native cross-chain transfer capabilities.
This new asset significantly broadens the use cases of Tether Gold by enabling full compatibility with leading blockchain networks without relying on wrapped tokens . Unlike the original XAUt, which is limited to the Ethereum blockchain, XAUt₀ operates within an omnichain architecture. Using an Atomic Mint-and-Burn scheme, assets can be moved between chains without liquidity loss, enhancing their efficiency in DeFi solutions.
XAUt₀ will be based on the Omnichain Fungible Token (OFT) standard by LayerZero. The initial issuance of XAUt₀ will take place on the TON blockchain, giving millions of Telegram users access to digital gold. Alongside 24/7 availability and fractional trading, XAUt₀ retains the option for physical gold redemption and enables use in multichain lending and arbitrage — features not available with the original XAUt.
Tether Gold (XAUt) is one of the largest real-asset tokenization projects, with tokens backed by 7.7 tons of physical gold in circulation, according to Tether’s Q1 2025 report. As of June 3, 2025, the asset’s total market capitalization stands at $829 million, per CoinGecko data.
The launch of XAUt₀ marks the next step in Tether’s next-generation stablecoin lineup. Recently, the company also announced USDT₀, an omnichain version of USDT designed to enable seamless cross-chain liquidity, and released a synthetic dollar stablecoin, aUSDT, backed by tokenized gold.
