Tether Drops Gold-Pegged XAUT on TON Chain—Because Stablecoins Needed More Shine

Tether just gilded the lily—its gold-backed XAUT token now struts onto the TON blockchain. Because nothing says ’stable’ like volatile crypto meets ancient precious metal.

Move over, USDT—XAUT’s bringing the Midas touch to Telegram’s favorite chain. Perfect for traders who want their speculation with a side of medieval wealth vibes.

Another day, another synthetic asset propping up crypto’s house of cards. At least this one sparkles.

Tether’s gold token XAUT taps demand for tokenized precious metals

The original XAUT tokens by Tether first appeared in 2020, in time to tap one of the significant rallies of physical gold. The tokens allow for fractional ownership as well as physical delivery to a Swiss address. 

TON already carries over 928M USDT tokens, retaining its native usage ahead of other L1 and L2 chains. The addition of tokenized gold boosts the chain’s total value locked and may increase trading opportunities. 

The addition arrives as Telegram’s network aims to become more compliant and tap the US investor market. The XAUt0 coins and tokens are transferable to other chains, with automated mint and burn during bridging. The assets can also be used as DeFi collateral or held as exposure to spot gold.

For now, gold-backed tokens remain pseudonymous and borderless, though the physical gold may be subject to limitations. XAUT is backed by 7.7 tons of physical gold, based on Tether’s latest attestation.

Tokenized precious metals total about $2.1B for various types of assets. Tokenized gold aims to resemble the crypto ethos for hard money while also tapping the recent speculative interest in gold. BTC and gold retained their positive correlation in 2025 after breaking the connection in 2024.

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