Tether announced the addition of XAUT tokens to TON chain

Tether’s gold-backed token, XAUT, is now available on the TON blockchain as XAUt0, targeting inflation protection and easy cross-chain transfers.

Backed by physical gold, XAUt0 represents a convenient asset for users, enhancing liquidity within the TON ecosystem and facilitating investment in tokenized precious metals.

As gold prices are experiencing an annual rise, with spot gold trading at 3,379.99 USD, interest in tokenized gold is growing, attracting investors within the DeFi space.