Tether launches XAUt0 gold-backed omnichain stablecoin on TON, boosting the network’s DeFi utility and adoption potential.

Despite muted short-term impact, long-term outlook for Toncoin remains bullish, targeting $10–$11 driven by ecosystem growth and Tether integration.

Tether has unveiled XAUt0, an omnichain iteration of its gold-backed stablecoin XAUt, now live on The Open Network (TON). As described in the reports, built on LayerZero’s Omnichain Fungible Token (OFT) standard, XAUt0 facilitates seamless transfers across multiple blockchains without the need for wrapping or intermediaries.

In continuation as Crypto News Flash (CNF) updated, when Tether and TON collaborated with mobile app for seamless USDT-to-fiat transactions, this current each XAUt0 token represents one troy ounce of physical gold, securely stored in Swiss vaults, offering users a stable and inflation-resistant digital asset. As shared in a recent tweet by Wu Blockchain, XAUt, with over $832M in circulation, is currently only on Ethereum.

Tether has partnered with the TON Foundation to launch XAUt0, an omnichain version of its gold-backed stablecoin, on the TON blockchain. Built on LayerZero’s OFT standard, XAUt0 enables cross-chain transfers. XAUt, with over $832M in circulation, is currently only on Ethereum.…

— Wu Blockchain (@WuBlockchain) June 3, 2025

The deployment of XAUt0 on TON marks a significant milestone in the integration of real-world assets into decentralized finance (DeFi).

TON, closely associated with the Telegram messaging app, provides a user-friendly platform for the adoption of digital assets. Here, the introduction of XAUt0 is expected to enhance the TON ecosystem by attracting users seeking stable, gold-backed digital assets, thereby increasing liquidity and utility within the network.

Impact on Toncoin (TON) Market Performance

According to the AI research analyses by Grog AI, the announcement of XAUt0 on June 3, 2025, has not yet resulted in a significant immediate price surge for Toncoin, unlike the 15–22% spikes observed after the USDT integration in April 2024. The analysis suggested,

Tether’s launch of the XAUt0 omnichain gold stablecoin on TON enhances the blockchain’s utility and positions it as a hub for innovative financial products. While the immediate price impact has been muted compared to the USDT integration, the long-term outlook for Toncoin is bullish, with price predictions suggesting potential growth to $10–$11 by late 2025, driven by increased adoption, Telegram’s ecosystem, and Tether’s expanding presence.

Previously, CNF hinted that TON price jumped 94% as whales drive activity earlier this year, despite market downturn. Hence, at the time of writing, Toncoin (TON) is trading at approximately $3.23, with a market capitalization of around $7.9 billion. It has a daily increase of 3.91% with a weekly increase of 8.25%. See Ton Coin (TON) price chart below.

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Filed under: Bitcoin - @ June 3, 2025 11:19 am