Tether announced a cooperation with the Ton Foundation to dedicate an omnicin version of the gold stablecoin xaust (Xau) to the open network (Ton), in an effort to expand the token throughout the ecosystem.
The new token, “XAut0,” was built on Layerzero’s Omnichain Fungible Token Standard, allowing tokens to move through blockchains without wrap or middlechain.
Xauut, the non-an omnichein version of the token, is the largest gold stablecoin by market capitalization, with over $ 832 million, According to In coingecko. It is closely followed by Paxos’s Pax Gold (Paxg), holding a market cap of $ 811 million until June 2. XAUT is only available to the Ethereum blockchain.
Tether has more than 7.7 tons of physical gold supporting Xauut Stablecoin, According to In the Q1 2025 report of the company company. Each xauut token represents a troy ounce of global possession, which has been reported stored in a Swiss vault.
XAUT0 may mimic USDT0 (USDT0) controlling, a crosschain dollar supported by stablecoin already -deployed throughout the superchain of optimismAn ecosystem with at least eight blockchains. USDT0 is a bridged token of Tether’s USDT (USDT), the dollar supported by the company’s dollar.
Tether din already deployed USDT onto ton blockchain In April 2024.
Related: Tether launched gold-back, US dollar stablecoin alloy
Gold is rising supported by economic uncertainty
Gold was considered a safe property and, in 2025, experienced a steep price appreciation due to economic uncertainty, especially due to the ongoing global trade war.
Gold price Ay At $ 3,304 per ounce on May 30, up to $ 2,327 from a year ago – a 29.5% jump in 12 months. In addition, the funds compiled by gold (ETF) experienced Significantly acquired on the year-to-date, along with eight top funds of total properties that experience an increase of more than 25%.
Gold ETFs are a popular way to exchange property. Tether’s Omnicin Gold token will compete with similar ETFs and other traditional gold investment instruments.
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