Tether Expands Gold-Backed Token XAUT to TON Blockchain

Tether has launched a TON-based version of its gold-backed token, XAUt0, marking another milestone in its partnership with the TON blockchain. The asset provides an inflation-resistant store of value in an easily transferable on-chain format, backed 1:1 by physical Gold holdings.

The integration leverages LayerZero’s Omnichain Fungible Token standard, enabling seamless cross-chain transfers while maintaining full collateralization. This deployment follows TON’s successful hosting of native USDT, which significantly boosted liquidity across the ecosystem.

TON’s price recovered to $3.20 following the announcement, overcoming temporary network instability. The MOVE represents part of USDT0’s broader strategy to expand tokenized precious metals across multiple chains.