Tether Launches Gold-Backed Stablecoin on TON for Telegram Users

Tether, the issuer of the popular USDT stablecoin, has partnered with The Open Network (TON) blockchain to introduce XAUt0, a gold-backed stablecoin. This new offering will be accessible through Telegram’s native wallet as part of a wider initiative by the messaging platform to integrate blockchain features. 🤝 📱 The integration marks another milestone for TON and reinforces its position in the blockchain ecosystem. 📈 💫 XAUt0 leverages Tether Gold (XAUt) as collateral, bringing the benefits of physical gold to the blockchain while also capitalizing on its advantages.