Tether launches cross-chain gold stablecoin "XAUt0" on the TON blockchain
Odaily Planet Daily News: Tether announced a collaboration with the TON Foundation to launch the all-chain version of its gold-backed stablecoin XAUt, called XAUt0, on the TON blockchain. This aims to expand the accessibility of digital gold through a multi-chain interoperability strategy. XAUt0 is built on the LayerZero's Omnichain Fungible Token (OFT) standard, allowing free transfer between different chains. According to CoinGecko data, XAUt is currently the world's largest gold stablecoin by market capitalization, with a circulation exceeding $832 million, and is currently issued only on Ethereum. Tether has not yet announced the list of other blockchain platforms that will support XAUt0 in the future. (FinanceFeeds)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
American Express Stock Shocks Despite Positive Revenue and Earnings
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Crypto prices
More
