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Tether Launches Gold-Backed Stablecoin XAUt0 on TON for Over 1 Billion Telegram Users

  • Tether has launched a gold-backed stablecoin XAUt0 on TON for over 1 billion Telegram users.
  • XAUt0 is a derivative of Tether Gold (XAUt) aiming to bring the benefits of gold ownership to the decentralized finance ecosystem accessible through Telegram’s native wallet.
  • The token combines the inflation-resistant qualities of physical gold with the efficiency of blockchain technology, enabling fast, secure, and transparent transactions.
  • The integration allows Telegram users to easily buy, hold, and use the XAUt0 token through the @wallet_tg bot on the TON blockchain, showcasing TON's strategic expansion into decentralized assets.

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