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.