Tether Launches New Gold Stablecoin on TON Blockchain

Tether has partnered with the TON Foundation to introduce an omnichain version of its gold stablecoin, XAUt (XAUT), on The Open Network (TON). This move marks a significant expansion for the token and seeks to connect it across various blockchain ecosystems. Built using LayerZero’s Omnichain Fungible Token standard, this new XAUt0 variant enables seamless transfers between blockchains without the need for wrapping or intermediaries. )