USDT0, a liquidity unification protocol backed by stablecoin issuer Tether, has launched its tokenized gold asset, XAUT0, on the Solana blockchain, marking a significant step in expanding omnichain liquidity. This integration connects Solana to over $170 billion in unified liquidity across more than 12 chains, leveraging LayerZero's interoperability protocol for seamless cross-chain transfers without wrapped tokens or third-party bridges.
The move comes as gold prices hit a record high of $4,200, driven by rate-cut expectations and growing adoption of Real-World Asset (RWA) tokenization. Solana's RWA sector has surged 35.3% in the last 30 days, with tokenized asset value now totaling $686.3 million, reinforcing its position as a key platform for RWA finance.
USDT0, which has processed over $25 billion in bridge volume across 320,000+ transactions, enables faster, cost-effective value transfers with a 0.03% fee paid in USDT. XAUT0, backed by audited gold reserves, introduces programmable gold to Solana, supporting uses in lending, hedging, and on-chain treasury management. This expansion aligns with Tether's strategy to diversify beyond stablecoins, following a recent $20 billion fundraise target announcement.
Despite the bullish developments, Solana's price performance remained muted, trading around $195.8 with a 5% daily decline and a 31% drop in trading volumes to $9.9 billion. Broader market turbulence, including Bitcoin retreating below $110,300 and fears of an Alameda Research sell-off after an 88,131 SOL transfer (approx. $17.6 million) to Coinbase, weighed on sentiment. Technical indicators suggest a mixed outlook, with the 14-day RSI at 43.7 and Parabolic SAR signaling a near-term downtrend.
