Gold price returns to 3,300 USD, Tether gold stablecoin XAUT will be launched on TON.

Since gold touched a historic high of over $3,500 per ounce in April, it has remained in a high-level consolidation. It has risen 28% year-to-date, making it one of the best-performing assets this year. The stablecoin protocol USDT0 will launch XAUT0 on TON, a token based on Tether's gold stablecoin XAUT, allowing cryptocurrency investors to easily invest in gold. The investment amount can be smaller, and there are no custody fees, making it another avenue for investing in gold.

The stablecoin protocol USDT0 is launched on TON XAUT0.

The stablecoin issuer Tether launched the stablecoin protocol USDT0 this year, which is a new generation cross-chain stablecoin solution. This new stablecoin aims to enhance the interoperability of USDT across multiple blockchain networks, allowing users to seamlessly transfer USDT between different chains. USDT0 uses LayerZero's OFT (Omnichain Fungible Token) standard, ensuring that each USDT0 Token is backed 1:1 with USDT on Ethereum. It is currently used across ten blockchains, including Arbitrum, Optimism, and Kraken's Ink. Since its launch this year, the circulating supply of the token has surged to 1.3 billion USD.

According to a report by CoinDesk, the stablecoin protocol USDT0 is planning to launch XAUT0, which is a token built on Tether Gold (XAUT), compatible with decentralized finance applications.

The gold token will first be launched on TON and plans to be more widely promoted to other DeFi-oriented blockchains in the third quarter to meet the growing demand for real-world assets (RWA) among people.

Tether owns 7.7 tons of gold

Tether's gold stablecoin XAU₮ is backed by one troy ounce of physical gold at a 1:1 ratio for each token, securely stored in dedicated vaults within world-class facilities in Switzerland.

According to the latest information on its website, Tether holds 7.7 tons of gold, with a market value of approximately 830 million USD.

Gold continues to strengthen, investing in tokenized gold is more convenient.

Due to the weakening of the USD and increased demand for safe-haven assets caused by tariffs and geopolitical risks, gold prices have performed well this year.

Since gold touched a historic high of over $3,500 per ounce in April, it has continued to oscillate at high levels. It has risen 28% year-to-date. Goldman Sachs stated last week that gold will continue to serve as an inflation hedge in long-term investment portfolios.

The stablecoin issuers Paxos issuing PAXG and Tether's XAU₮ can be directly purchased through centralized exchanges or DeFi, allowing crypto assets investors to easily invest in gold. The investment amount can be smaller, and there are no custody fees, making it another viable channel for investing in gold.

( gold prices are close to record highs, what are the channels for investing in gold? What are gold stablecoins? )

This article states that gold prices have returned to 3,300 USD, and Tether's gold stablecoin XAUT will be launched on TON, first appearing in Chain News ABMedia.