Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced upcoming support for deposits and withdrawals of Tether Gold (XAUT) on the Mantle Network. This integration significantly expands user access to tokenized physical gold within the on-chain finance ecosystem.
XAUT is a tokenized representation of physical gold issued by Tether, with each token backed 1:1 by one troy ounce of gold held in secure vaults. The deployment allows Mantle to integrate XAUT as a core component of its growing real-world asset (RWA) ecosystem, while Bybit provides seamless on- and off-ramps for users to manage these gold-backed digital assets.
The move reflects a broader industry trend toward bringing high-quality real-world assets on-chain in a scalable, cost-efficient manner. Mantle's modular Layer-2 architecture offers significantly lower transaction costs and faster settlement compared to Ethereum mainnet, making it particularly suitable for RWA applications that demand reliability and capital efficiency.
Joshua Cheong, Head of Product at Mantle, stated: "Real-world assets are a core focus for Mantle, particularly assets with proven global demand and long-term value. Gold's strong performance in recent years reinforces the case for tokenized exposure, and integrating XAUT allows us to support that demand across DeFi, vaults, and structured on-chain products with lower costs and greater efficiency."
For users, this integration means the ability to hold and transfer gold-backed assets on-chain with improved user experience, without sacrificing the stability associated with physical gold. Bybit's support enhances flexibility by enabling more efficient movement of gold-backed assets between centralized and decentralized environments, while also contributing to deeper liquidity across the Mantle ecosystem.
The integration aligns with Mantle's long-term strategy to become a leading execution and distribution layer for real-world assets. With over $4 billion in community-owned assets, Mantle combines credibility, liquidity, and scalability with institutional-grade infrastructure to support large-scale adoption.
