Tether’s Gold-Pegged Stablecoin Goes Multi-Chain—Now Live on TON
Tether—the controversial but ubiquitous stablecoin giant—just dropped its gold-backed token onto The Open Network (TON). Because what’s better than one blockchain? Two. Or ten.
Why It Matters
Gold-backed crypto isn’t new, but slapping it onto Telegram’s favorite chain? That’s a play for mass adoption. TON’s user base? 500 million and counting. Suddenly, your aunt’s ‘digital gold’ might actually reach her phone.
The Fine Print
XAUt (Tether’s gold stablecoin) still holds reserves—allegedly. Each token claims 1:1 backing by physical gold. Cynics whisper ‘fractional reserves,’ but hey—this is crypto. Trust, but verify (if you can).
Bottom Line
Another day, another blockchain integration. Will this move gold into the 21st century—or just give speculators a new playground? Place your bets. The house always wins.
Can the new omnichain gold-based stablecoin by Tether, XAUt0, reshape the yellow metal investment during uneasy economic times? It is thus the omnichain variation of the Tether Gold stablecoin, and has been in development with TON Foundation, trying to enhance how Read More
