Tether, in partnership with Everdawn Labs, has introduced XAUt0, an omnichain version of its gold-backed token XAUt. The new token is built on LayerZero’s Omnichain Fungible Token (OFT) standard, enabling seamless cross-blockchain transfers without bridges or wrappers. Each XAUt0 token represents one troy ounce of physical gold stored in Swiss vaults, adhering to London Good Delivery standards.
The debut deployment of XAUt0 will occur on The Open Network (TON), a blockchain closely associated with Telegram. This launch integrates the gold-backed tokens into Telegram's in-app Wallet, potentially granting access to hundreds of millions of users, thus significantly broadening the accessibility of tokenized gold within social platforms.
Unlike ETFs or synthetic gold instruments, XAUt0 signifies direct ownership of physical gold and retains backing identical to Tether Gold (XAUt) launched in 2020. The omnichain design supports decentralized finance (DeFi) use cases like lending and arbitrage, while providing features such as 24/7 trading, fractional ownership, and self-custody with secure physical reserves.
The launch aligns with the growing trend of tokenizing real-world assets, providing blockchain-native alternatives for gold investment combining commodity stability with digital finance flexibility. Lorenzo R., co-founder of USDT0 and Everdawn Labs, emphasized the intent to bring gold closer to everyday crypto and DeFi users. A wider rollout of XAUt0 to more blockchains is planned for the third quarter of 2025, targeting deeper DeFi integration.