USDT0, a preferred stablecoin protocol, has launched an unique gold-backed token on the well-known decentralized blockchain platform TON Community. As per USDT0, the unique gold-backed token $XAUt0 is now dwell on The Open Community (TON) whereas anticipating broader growth on the DeFi-focused blockchains. The platform took to its official X account to disclose this improvement.

USDT0 Broadcasts Newest Gold-Backed $XAUt0 Token’s Launch on TON

As USDT0 talked about, the $XAUt0 is an unique crypto token supported by bodily gold, the well-known time-tested retailer of worth. The token denotes a cutting-edge methodology to modernize gold for programmable finance. Therefore, every $XAUt0 token is supported by bodily gold’s 1 troy ounce. The gold backing the asset is reportedly saved in comprehensively protected Swiss vaults beneath certification of the London Bullion Market Affiliation.

$XAUt0 reportedly integrates Omnichain Fungible token (OFT) commonplace that LayerZero has developed. It permits seamless token motion between numerous chains with out relying on artificial property or bridges, guaranteeing true possession and full composability throughout the Web3 ecosystem. USDT0’s co-founder Lorenzo R. asserted that this endeavor enhances accessibility and usefulness of gold as a trusted worth storage asset within the decentralized ecosystem.

Merging Gold’s Dependable Worth Storage Functionality with DeFi Programmability and Accessibility

Based on USDT0, the XAUt0 combines gold’s reliable worth storage performance with the DeFi programmability and suppleness. The challenge additionally offers all the advantages delivered by Tether Gold ($XAUt). They keep in mind self-custody, 24/7 buying and selling, bodily redemption, and fractional possession. Total, with XAUt0, USDT0 is advancing its endeavors to supply real-world, liquid, and frictionless property throughout chains.