Tether launches cross chain gold stablecoin XAUt0 on TON chain

According to Golden Finance, Tether announced a partnership with TON Foundation to launch XAUt0, a cross chain gold stablecoin based on Layer Zero's Omnichain Fungible Token (OFT) standard. XAUt0 is based on Tether's gold stablecoin XAUt, which is supported by 1 troy ounce of physical gold per token and stored in a Swiss vault. XAUt0 can freely circulate between multiple blockchains without relying on intermediate chains or asset packaging, and is technically similar to the previously launched cross chain stablecoin USDT0.