Tether Drops Gold-Backed Token on TON—Because Stablecoins Needed More Shine

Tether just gilded the crypto-verse with a cross-chain gold-pegged token—launching on The Open Network (TON). Because nothing says ’stable’ like volatile metals meets volatile crypto.

Subheader: Digital Gold Rush 2.0

The move lets traders hop between chains without ditching their synthetic gold bags—handy for when fiat feels too last-century. TON’s speed? A clear play for the ’we’re not Ethereum’ crowd.

Cynical jab: Because if there’s one thing crypto needs, it’s more ways to trade pretend assets backed by centuries-old inflation hedges. Stay decentralized, folks.

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With gold trading NEAR all-time highs amid rising global tensions, Tether is seeking to capture demand from both traditional gold investors and the on-chain community. TON is the first blockchain to support XAUt0, but broader adoption is expected as omnichain compatibility expands.

The launch also comes as Tether’s XAUt and Paxos’ PAXG remain neck and neck in market cap—$832 million and $811 million respectively—underscoring the race to dominate digital gold.

Alexander Stefanov With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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