🚨 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 Fungible Token standard.
XAUt0 maintains 1:1 backing through 7.7 tons of London Bullion Market Association-certified gold in Swiss vaults.
Unlike traditional gold ETFs offering only price exposure, XAUt0 provides direct ownership with 24/7 access and physical redemption options.
The omnichain deployment opens new DeFi possibilities, including multichain lending and gold-FX arbitrage strategies.
The current $XAUt market cap stands at $770 million with independently verified reserves following ISAE 3000 standards.
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