Tether, the issuer of USDT, has officially launched XAUt0, a gold-backed stablecoin on The Open Network (TON) blockchain.
This new token is a derivative of Tether Gold (XAUt) and is designed to bring the benefits of gold ownership to the decentralized finance ecosystem, now accessible directly through Telegram’s native wallet.
XAUt0 combines the inflation-resistant qualities of physical gold with the flexibility and efficiency of blockchain technology. As a tokenized version of Tether Gold, it allows users to gain exposure to real-world gold while benefiting from fast, secure, and transparent transactions native to TON.
The integration gives over 1 billion Telegram users the ability to buy, hold, and use the XAUt0 token seamlessly through the @wallet_tg bot on the TON blockchain.
Strategic Expansion for TON and Telegram
This milestone marks another key development in Telegram’s ongoing adoption of blockchain features. With TON deeply embedded into Telegram’s infrastructure, the platform continues to evolve from a messaging app into a full-fledged Web3 ecosystem.
TON has been increasingly active in forming strategic partnerships with major blockchain and fintech players. The launch of XAUt0 highlights TON’s growing influence and its role in bringing decentralized assets to a mainstream audience.
What’s Next?
The TON team has hinted at exclusive offers and incentives for users engaging with XAUt0 via Telegram. As blockchain integration deepens within the app, users can expect further enhancements, including potential DeFi functionalities, P2P trading, and more tokenized assets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/tether-launches-gold-backed-stablecoin-xaut0-on-ton-for-over-1-billion-telegram-users/