Key Takeaways Tether has introduced XAUt0, a gold-backed stablecoin on the TON blockchain, broadening digital gold access across multiple blockchains. Built on LayerZero’s Omnichain Fungible Token (OFT) standard, XAUt0 enables seamless and secure cross-chain transfers without the need for token wrapping. This launch coincides with rising gold demand and strengthens TON’s ecosystem by adding new decentralized finance (DeFi) opportunities. The OFT standard, developed by LayerZero, ensures native interoperability among various blockchains, significantly enhancing asset mobility across ecosystems. Unlike traditional bridge solutions, the OFT framework minimizes risk by eliminating intermediary chains and synthetic token representations. XAUt0 is derived from Tether’s existing stablecoin XAUt, which symbolizes ownership of physical gold stored in Swiss vaults. Currently available only on Ethereum, XAUt has exceeded $832 million in circulation, making it the largest tokenized gold asset by market capitalization. Through this launch, Tether aims to expand its digital commodity offerings across multiple blockchains without relying on token wrapping or bridging protocols. Tether’s LayerZero OFT Enables Effortless Cross-Chain Transfers The core technology of XAUt0 is LayerZero’s Omnichain Fungible Token standard, which provides native interoperability among blockchain networks, a crucial feature for increasing asset mobility across economies. This OFT framework contrasts with legacy bridge solutions by removing risks associated with intermediary chains and synthetic tokens. Consequently, XAUt0 serves not only as a stablecoin but also as a foundational asset for multichain decentralized finance. It targets investors seeking a stable gold-related asset capable of crossing platform boundaries.

With decentralized applications (dApps) on the rise within TON, the introduction of XAUt0 enhances the network’s utility and appeal to both institutional and retail investors. Strategic Launch Amid Growing Gold Demand The launch coincides with a period of increasing global demand for gold, driven by its role as an inflation hedge and a safe haven amid geopolitical uncertainties. Gold prices have risen about 30% compared to the previous year, and leading ETFs have posted strong returns. Tether’s move to omnichain tokenization of gold addresses the growing investor appetite for blockchain-backed, secure commodity exposure. Although Tether has not yet announced support for blockchains beyond TON, the XAUt0 release lays the groundwork for future multichain deployments. As tokenized physical assets gain traction, Tether’s strategy could transform how digital gold is accessed and integrated across blockchain ecosystems.