XAUt0 is the omnichain deployment of Tether Gold (XAUt), designed to bring the largest gold-backed digital token to various blockchains, enabling users to own a physically backed, inflation-resistant asset while utilizing the composability and financial innovation of digital assets ^{[1] [4]}

It seeks to modernize access to gold by providing true digital ownership and seamless omnichain use ^[1].

Overview

XAUt0 is designed to provide users with a way to own a physically-backed, inflation-resistant asset while tapping into the composability and financial innovation of Web3 ^[2]. It combines the direct, physical gold ownership of Tether Gold with a frictionless, omnichain liquidity layer. XAUt0 aims to create a globally accessible, programmable form of gold that retains the reliability of the original asset ^{[2] [4]}

Launched in 2020, Tether Gold (XAUt) sought to bring real-world assets on-chain by combining physical gold bullion with blockchain technology. XAUt offers a hedge against inflation with the flexibility that modern finance demands ^[2].

According to Tether’s Q1 2025 attestation, XAUt is backed by over 7.7 tons of physical gold, with a market capitalization of $770 million ^[2]. Each XAUt token represents ownership of one troy ounce of London Bullion Market Association-certified gold, stored in a Swiss vault ^[2].

XAUt0 is built on LayerZero’s Omnichain Fungible Token (OFT) standard, allowing users to move their gold between chains securely while ensuring 1:1 backing via XAUt’s physical holdings. The first deployment of XAUt0 is on The Open Network (TON), in collaboration with the TON Foundation ^[2].

Key Features

XAUt0 aims to provide several benefits, including:

• Omnichain Access: Native movement of XAUt0 anywhere onchain without wrapping or redeploying tokens on each chain ^[2].
• Enhanced Capital Efficiency: Utilization of gold-backed liquidity pools to facilitate market activity ^[2].
• Atomic Mint-and-Burn: Cross-chain minting and burning that occurs simultaneously once fully validated ^[2].
• Limitless Composability: Integration of gold as a DeFi asset, from multichain lending to gold-FX arbitrage strategies ^[2].
• 24/7 Access: Buy, sell, lend, or use digital gold at any time ^[1].
• Secure Digital Storage: Economic security of gold with the self-custody of digital wallets ^[1].
• Infinite Divisibility: Bought and sold in fractional increments ^[1].
• Physical Redemption Options: Exchange XAUt0 for XAUt, which can be redeemed for physical gold delivered to a Swiss address ^[1].

Tokenomics

Each XAUt0 token represents ownership of one fine troy ounce of gold on a specific gold bullion bar meeting the quality assurance requirements of “London Good Delivery” set by the London Bullion Market Association, securely stored in a Swiss vault ^[1].

All XAUt and therefore XAUt0 holders have an ownership interest in a specific physical gold bar, rather than indirect exposure to gold prices ^[1].

Use Cases

XAUt0 can be leveraged across blockchains and plugged into lending, liquidity pools, FX arbitrage, and more ^[1]. It facilitates new use cases that integrate gold as a DeFi asset rather than just passive storage, from multichain lending to gold-FX arbitrage strategies ^[2].

Partnerships

Andrew Rogozov, CEO and Founder of The Open Platform, stated, "The initial rollout of XAUt0 on TON reflects our shared vision of making digital assets seamlessly accessible to people around the world, unlocking new economic opportunities for those who need them most," ^[1].

He also noted that Tether Gold will be instantly available to users of Wallet in Telegram, with a promotional campaign planned for Q3 2025 to engage users of the TON Ecosystem ^[1].

Team

Key figures involved in the development and launch of XAUt0 include:

• Paolo Ardoino: CEO of Tether ^[1].
• Lorenzo R.: Co-Founder of USDT0 and Everdawn Labs ^[1].
• Andrew Rogozov: CEO and Founder of The Open Platform ^[1].

Paolo Ardoino, CEO of Tether, stated;

“XAUt is already setting a new standard for tokenized gold—each token represents direct ownership of physical gold securely stored in Switzerland,” ^[1]. He added, “At Tether, we’re excited to witness the launch of XAUt0, which aims to revolutionize gold in the digital era.” ^[1].

Lorenzo R., Co-Founder of USDT0 and Everdawn Labs, said;

“At USDT0, our mission has always been to unify liquidity and make digital assets truly borderless across blockchain ecosystems,” ^[1]. He also noted, “With the launch of XAUt0, we’re applying that same mission to gold, one of humanity’s oldest and most enduring stores of value. By unlocking seamless omnichain access to physically backed gold, XAUt0 brings a timeless asset into the decentralized ecosystem.” ^[1].

Technology

XAUt0 is built on LayerZero’s Omnichain Fungible Token (OFT) standard, which facilitates the seamless and secure transfer of XAUt between different blockchain networks ^[1]. This standard enables crosschain transactions without the need for wrapping or middlechains. ^[3]